Question: Please help me solve this using EXCEL or financial calculator, or a step by step. Thank you Your uncle is about to retire, and he

Please help me solve this using EXCEL or financial calculator, or a

Please help me solve this using EXCEL or financial calculator, or a step by step. Thank you

Your uncle is about to retire, and he wants to buy an annuity that will provide him witt $56,149 of income a year for 10 years, with the first (income) payment taking place immediately. The relevant rate on such annuities is 8%. How much would it cost him to buy the annuity today? Round your answer to the nearest three decimals if needed. Do not type the $ symbol

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