Your father is 50 years old and will retire in 10 years. He expects to live for 25 years after he retires, until he is 8

[answerhappygod]

Your father is 50 years old and will retire in 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 $60,000 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 $120,000 saved, and he expects to earn
10% 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 he save during each of the next 10 years
(end-of-year deposits) to meet his retirement goal? Do not round
your intermediate calculations. Round your answer to the nearest
cent.
$ fill in the blank 2