Create a new workbook in Excel. Please include an input area and an answer area for each problem. You will have an answer for each bullet point. Formatting is up to you. Just make sure it is easy to tell where your answers are, and what equation you used in excel to get the answer.

2. If a 6.5 percent annual return can be expected: How much would a 20-year old person have to put into a retirement fund each month to have $1,000,000 in the fund upon retirement at age 65?

What would the contribution be if they had started investing at age 25?

At age 35?