Excel Online Structured Activity: Required Annulty Payments Assume that your father is now 50 years old, plans to retire in 10 years, and expects to five for 25 years after he retires - that is, until age as. He wants his first retirement payment to have the same purchasing power at the time he retires as $55,000 has today, He wants all his subsequent retirement payments to be equal to his first retirement payment. (Do not let the retirement payments grow with inflationt Your father realizes that if Infiation occurs the real value of his retirement income will decline year by year after he retires). His retirement income will begin the day he retires, 10 years from today. and he will then receive 24 additional annual payments. Inflation is expected to be 3% per year from today forward. He currenth has $125,000 saved and expects to earn a return on his savings of 9% per year with annual compounding. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the guestion belowi How much must he save during each of the next 10 vears (with equal deposits being made at the end of each year, beginning a year from today) to meet his retirement goal? (Note; Neither the amount he saves nor the amount he withdraws upon retirement is a growing aninuity,) Do not round intermedite calculations, Round your answer to the nearest dollar