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Calculate Average Retiree Benefit: The average retiree payout in a year is a function of the expected final salary in the year (Value: $82,820), the

Calculate Average Retiree Benefit: The average retiree payout in a year is a function of the expected final salary in the year (Value: $82,820), the .022 payout rate (a factor you can hard- code), and the expected years of service (25 years). This amount should be increased by the expected cost of living factor (0.03) and then reduced by any give-back amount (0). How would you calculate this in Excel? Please show calculation 

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