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 65. He wants afined retirement income that has the same purchasing power at the time he retires as $55,000 has today (The real value of his retirement income will decline annually after he retires. His retirement wicome 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 $50,000 saved, and he expects to earn 10% annually on his savings. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analyses to answer the question below X 1110 Open spreadsheet How much must be save during each of the next 10 years (end of year deposits) to meet his retirement goal? Do not found your intermediate calculations. Round your answer to the nearest cent S