{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T20:02:14-04:00", "answer_date": "2024-05-26 20:02:14", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1756952", "url": "\/study-help\/questions\/video-excel-online-structured-activity-required-annuity-payments-your-father-1756952", "question_creation_date_js": "2024-05-26T20:02:14-04:00", "question_creation_date": "May 26, 2024 08:02 PM", "meta_title": "[Solved] Video Excel Online Structured Activity: R | SolutionInn", "meta_description": "Answer of - Video Excel Online Structured Activity: Required annuity payments Your father is 50 years old and will retire in 10 ye | SolutionInn", "meta_keywords": "video,excel,online,structured,activity,required,annuity,payments,father,50,years,old", "question_title_h1": " Video Excel Online Structured Activity: Required annuity payments Your father is 50 years old and will retire in 10 years. He expects to live", "question_title": " Video Excel Online Structured Activity: Required annuity payments Your father is", "question_title_for_js_snippet": "Video Excel 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 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 $45,000 has today (The real value of his retirement income will decline annually after he retires ) His retirement income will begin the day he retires, 10 years from today, at which time he will receive 24 additional annual payments Annual inflation is expected to be 6 He currently has $230,000 saved, and he expects to earn 8 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 10 years (end of year deposits) to meet his retirement goal Do not round your intermediate calculations Round your answer to the nearest cent Check My Work Reset Problem", "question_description": "\"image", "transcribed_text": "Video Excel 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 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 $45,000 has today. (The real value of his retirement income will decline annually after he retires.) His retirement income will begin the day he retires, 10 years from today, at which time he will receive 24 additional annual payments. Annual inflation is expected to be 6%. He currently has $230,000 saved, and he expects to earn 8% 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 10 years (end-of-year deposits) to meet his retirement goal? Do not round your intermediate calculations. Round your answer to the nearest cent Check My Work Reset Problem", "related_book": { "title": "Financial accounting", "isbn": "9781119153726, 978-1118285909", "edition": "IFRS Edition", "authors": "Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/245.jpg", "uri": "\/textbooks\/financial-accounting-ifrs-edition-245", "see_more_uri": "" }, "free_related_book": { "isbn": "5278862548", "uri": "\/textbooks\/cryptonomicon-tracing-the-path-from-early-digital-cash-systems-to-the-revolutionary-emergence-of-bitcoin-1st-edition-978-5278862543-128984", "name": "Cryptonomicon Tracing The Path From Early Digital Cash Systems To The Revolutionary Emergence Of Bitcoin", "edition": "1st Edition" }, "question_posted": "2024-05-26 20:02:14", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/cambridge-international-as-a-level-mathematics-probability-statistics\/given-that-log-10-x-2-y-4-and", "description": "Given that log 10 (x 2 y) = 4 and log 10 (x 4 \/y 3 ) = 18, find the value of log 10 x and of log 10 y.", "stars": 3 }, { "url": "\/determine-the-bank-discount-rate-of-the-august-30-treasury", "description": "Determine the bank discount rate of the August 30 Treasury bill if it is currently selling for $9,841.625. 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