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Excel Onkine Structured Activity: Reculired annulty payments Your father is 50 years old and will retire in 10 years. He expects to live for 25

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Excel Onkine Structured Activity: Reculired annulty payments Your father is 50 years old and will retire in 10 years. He expects to live for 25 years after he retires, until he is 85 . He wants a fixed retirement income that has the same purchasing power at the time he retires as $50,000 has today. (The real value of his retirement income will decline annually after he retires.) His retirement income will begin the doy he retires, 10 years from today, at which time he will recelve 24 additional annual payments. Annual infiation is expected to be 4%. He currently has $105,000 saved, and he expects to eam 10% annually on his savings. The data has been collected In the Microsont Excel Online file beiow. Open the spreadsheet and perform the required analysis to answer the question below. Open spresdsheet How much must he save during each of the next 10 years (end-of-year deposits) to meet his retirement goal? Do not round your intermediate calculations. Flound your answer to the nearest cent

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