excel sheet for help

Q Search this Ane Activity: Required annuity payments Video Excel Online Structured Activity: Required an aty 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 was. He wanto a fixed retirement income that has the samve purchasing power at the time he retires as $55,000 has today. The real value of his retirement income will decine annually after he retres) His retro Income will begin the day he encres, 10 years from today, at which time he will receive 24 additional annual payments Annual inflation is expected to be an. He currently has 3155,000 saved, and he is to eam 7% annualy on his savings. The data has been collected in the Microsoft Excel Online fie below. Open the spreadsheet and perform the reared analysis to answer the question below. X Open spreadsheet He ich must have during each of the next 10 years (end of year deposit to meet his retirement goal? Do not round your intermediate caution. Round Your answer to the nearest con Chwion B D E F 2 3 4 5 6 7 8 Retirement income today Years to retirement Years of retirement Inflation rate Savings Rate of return $55,000 10 25 3.00% $155,000 7.00% Formulas #N/A 10 Calculate value of savings in 10 years 11. Savings at t = 10 12 Calculate value of fixed retirement income in 10 13 years 14 Retirement income att 10 15 Calculate value of 25 beginning of year retirement 16 payments at t = 10 17 Retirement payments at t = 10 16 Calculate net amount needed at 10 #N/A WNIA Sheet1 D E A B Calculate value of fixed retirement income in 10 years: Retirement income at t = 10 #N/A #N/A Calculate value of 25 beginning-of-year retirement 16 payments at t =10 7 Retirement payments at t = 10 18 19 Calculate net amount needed at t = 10: 20 Value of retirement payments 21 Value of savings 22 Net amount needed 23 24 Calculate annual savings needed for next 10 years: Annual savings needed for retirement 26 #N/A #N/A #N/A #N/A 27 Sheet