Question: How long would it take for nico to save an adequate amount for retirement if he deposits $40000 per year into an account beginning one

How long would it take for nico to save an adequate amount for retirement if he deposits $40000 per year into an account beginning one yer from toda that pays 7 percent per year if he wishes to have a total of 1,000,000 at retirement.

I need the formula that you would use in excel to get the right answer

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