Video Excel Online Structured Activity: Required annuity payments Your father is 50 years old and will retire 10 years. He expects to live for 25 years after he retires, until he is 85. He wants a fixed retirement income that has the same purchasing power at the time he retires as $50,000 has today. (The real value of his retirement income will decline annually after he retires.) His retirement income will begin the day he retires, 10 years from today, at which time he will receive 24 additional annual payments. Annual inflation is expected to be 4%. He currently has 5245,000 wed, and be expects to eam 9% annually on his savings. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. Open spreadsheet How much must have during each of the next 10 years (end of year deposits) to meet his retirement goal? Do not round your intermediate calculations. Round your et to the nearest cent 5 Check My Work Reset