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How did get this number? Clipboard Font Alignment B13 =E8/(1+B6)^(B9-1) A B 1 Outline of Assignment 3 2 R Nason 3 4 5 Inputs: 6

image text in transcribedHow did get this number?

Clipboard Font Alignment B13 =E8/(1+B6)^(B9-1) A B 1 Outline of Assignment 3 2 R Nason 3 4 5 Inputs: 6 Interest Rate 7. First Retirement Payment 8 Growth of Payments 9 Year of First Retirement Payment 10 Total Number of Retirement Payments 11 0.1000 250,000 0.0300 20 35 12 13 PV of Retirement Funds Needed: 525,486.20 1A

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