Question: How do solve this in excel please? A B C D E F G H 1 Question Four: Saving for the future 2 Two Parts,

How do solve this in excel please?

How do solve this in excel please? A B C D E

A B C D E F G H 1 Question Four: Saving for the future 2 Two Parts, 25 Points Part A: Your client is exactly 45 years old and currently has $500,000 in savings. What constant 3 amount per year must they save to withdraw $120,000 every year starting at age 63 until the end of age 85. The client would like to have $15,000 left over at the end of their 85th year to leave to UIA charity. Assume that the account earns 5.5% per year. 6 Beginning Account Balance 7 Annual desired pension payout Use the columns provided below to create your table. 8 Annual payment 9 Interest rate 10 Account Deposit or balance, withdrawal at Interest Your age Total in account beginning of the beginning of earned during end of year the year year 11 year 12 13 14 15 16 17 18 19

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