Question: I need help with the excel function please Question 8 10 pts After consulting with your financial advisor, you figured that you need $100,000 per

I need help with the excel function please

Question 8 10 pts After consulting with your financial advisor, you figured that you need $100,000 per year for your living during 20 years of the retirement period. You consider buying an annuity contract which will pay $100,000 at the beginning of every year. Assuming a rate of return of 3%, how much do you need today to buy the annuity contract? *You need to show its calculation in Excel with the time value of money variables. $2,018,845 $1,413,394 $1,532,380 $1,487,747

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