Question: Please solve in EXCEL! Thank you! 1. Using the information below, answer the following questions: Annual Retirement Income Need 150,000 Years until Retirement 30 Years

Please solve in EXCEL! Thank you! 1. Using the information below,

Please solve in EXCEL!

Thank you!

1. Using the information below, answer the following questions: Annual Retirement Income Need 150,000 Years until Retirement 30 Years in Retirement 35 Expected Inflation Rate 2.50% Rate of Return before Retirement 8.00% Rate of Return during Retirement 5.00% a) How much money will you need to have accumulated at the time of retirement to be able to meet your income needs during retirement? b) If you were to make a single lump sum investment today, how much would you need to invest to meet your goal at the time of retirement? c) If you were to invest an equal dollar amount each year, how much would you need to invest annually to meet your goal at the time of retirement

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