Excel template v Search (Alt +O) File Home Insert Draw Page Layout Formulas Data Review View Help Arial 10 B G A ... Merd B D E LL F G A$60,000 1 Required annuity payments 2 3 Retirement income today 4 Years to retirement 5 Years of retirement Inflation rate 7 Savings 8 Rate of return 9 10 Calculate value of savings in 10 years: 11 Savings at t = 10 12 10 25 5.00% $225,000 10.00% Formulas #N/A #N/A #N/A 13 Calculate value of fixed retirement income in 10 years: 14 Retirement income at t = 10 15 Calculate value of 25 beginning-of-year retirement 16 payments at t=10: 17 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 28 24 Calculate annual savings needed for next 10 years: 25 Annual savings needed for retirement 26 27 #N/A #N/A #N/A #N/A Video El Online Structured Activity Required an alty trwyments Your father is 50 years old and will retire in 10 years. He spects to live for 25 years after he retires, until he 83. He wants atid retirement ince ma that has the same purchasing nowet at the time he ratio 550.000 has tritay. There was of his retirement came will decline annual after he retires) la retirement income will begin the day he retirer 10 years from today at which time he will receive 24 additional anual payantAnnalination is expected to be. Me currently has $225.000 saved, and he expects to earn to really an his savings. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to armer the question below How much must be save during each of the next 10 years (end-of-year deposito most hraticament goal? Do not rsund your intermediate calculations. Round your answer to the nearest canti 5 Check Boy Work Resel