Question: I need help with using the fv or pv formulas in excel. if that can be shown please. 9) (10%) An assembly plant anticipates needing

I need help with using the fv or pv formulas in excel. if that can be shown please.

9) (10\%) An assembly plant anticipates needing to replace some of its machinery in 4 years, at a current cost of $2 million. The company expects annual inflation of 3%. It also believes it can earn an 8% return on its money, compounded quarterly. How much money would the company have to put into an account at the end of each quarter to have the anticipated future cost of the machinery available to withdraw at the end of 4 years

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