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IINDTAP Search this course ul . template - Saved Search for tools, help, and more ( Option ity - Required annuity payments q , Excel
IINDTAP Search this course ul template Saved Search for tools, help, and more Option ity Required annuity payments Excel Online Structured Activity: Required annuity payments Your father is years old and will retire in years. He expects to live for years after he retires, until he is He wants a fixed retirement income that has the same purchasing power at the time he retires as $ has today. The real value of his retirement income will decline annually after he retires. His retirement income will begin the day he retires, years from today, at which time he will receive additional annual payments. Annual inflation is expected to be He currently has $ saved, and he expects to earn annually on his savings. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. Open spreadsheet How much must he save during each of the next years endofyear deposits to meet his retirement goal? Do not round your intermediate calculations. Round your answer to the nearest cent. $ Required annuity payments Retirement income today Arial Formulas Data Review View Help Draw D Page Layout A B C tableRequired annuity payments,,,Retirement income today,$I.,Years to retirement,Years of retirement,Inflation rate,Savings,$Rate of return,Calculate value of savings in years:,,,FormulasSavings at Calculate value of fixed retirement income in year,,,Retirement income at Calculate value of beginningofyear retirement poayments at :Retirement payments at Calculate net amount needed at :Value of retirement payments,,,Value of savings,,,Net amount needed,,,Calculate annual savings needed for next years:,Annual savings needed for retirement,,, Sheet Sheet Workbook Statistics Give Feedback to Microsoft
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ity Required annuity payments
Excel Online Structured Activity: Required annuity payments
Your father is years old and will retire in years. He expects to live for years after he retires, until he is He wants a fixed retirement income that has the same purchasing power at the time he retires as $ has today. The real value of his retirement income will decline annually after he retires. His retirement income will begin the day he retires, years from today, at which time he will receive additional annual payments. Annual inflation is expected to be He currently has $ saved, and he expects to earn annually on his savings. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below.
Open spreadsheet
How much must he save during each of the next years endofyear deposits to meet his retirement goal? Do not round your intermediate calculations. Round your answer to the nearest cent.
$
Required annuity payments
Retirement income today
Arial
Formulas
Data
Review
View
Help
Draw
D
Page Layout
A
B
C
tableRequired annuity payments,,,Retirement income today,$I.,Years to retirement,Years of retirement,Inflation rate,Savings,$Rate of return,Calculate value of savings in years:,,,FormulasSavings at Calculate value of fixed retirement income in year,,,Retirement income at Calculate value of beginningofyear retirement poayments at :Retirement payments at Calculate net amount needed at :Value of retirement payments,,,Value of savings,,,Net amount needed,,,Calculate annual savings needed for next years:,Annual savings needed for retirement,,, Sheet Sheet
Workbook Statistics
Give Feedback to Microsoft
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