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Dxcet Online Structured Activity: Required annuity payments Your father is 50 years old and will retire in 10 years, He expects to live for 25

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Dxcet Online Structured Activity: Required annuity payments Your father is 50 years old and will retire in 10 years, He expects to live for 25 years ater he retires, untir he is ss, He wants a fred retirement income that has the same purchasing power at the time he retires as $40,000 has today, (The real value of his retirement income will decine annually after he retires.) His retirement income iew begin bhe doy be rebines, 10 years from today, at which time he will receive 24 additional annual payments. Anfual inflation is expected to be 6%. He currently has $245,000 saved, and he oxotcts to earm 85 annually on his swings. The data has been coliected in the Microsoft fxcel Oniline flie below. Open the spreadsheet and perform the required analrsis to answer the question below. Open spreadsheet nearest cent

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