Celine is currently 24 years old and plans to retire on her 64^th Birthday. She anticipates her annual living expenses to be $50,000, inflation-adjusted, and her life expectancy is 95. She plans to save a fixed amount every year in an RRSP account to benefit from its tax deferrals. In addition, she plans, while she is working, to invest her money in a broad market, low-fee, indexed fund, with an average rate of return of 10% per year and volatility of 15%. Upon retirement, she plans to move her money to a GIC account with a 3% annual rate of return. She anticipates she needs to pay 15% tax on her retirement withdrawals and the inflation rate is 2% per year.

1. How much should she contribute to the RRSP account, at the end of each year, so that she would be able to consume the equivalent of $50K, after-tax deductions, at beginning of each year in her retirement? In this part, ignore the risk of the indexed fund and work only with its average return value. (clarification: the first and last deposits to the account are on her 25^th and 64^th birthdays. The first and last withdrawals are on the first day after her 64^th and 94^th birthdays).

Your output excel sheet should have at least three columns: Age of your client (from 25 to 94), annual deposit/withdrawal at each year, and the account balance at the end of each year.