John just turned 25. He decides to start planning for his retirement. He expects to work until he is 65 and live another 25 years after that. Knowing that it is very important to save early, he decides to hault his consumption now and put $30,000 into his retirement account each year until he retires. He decides to assume that the retirement account will grow about 8% each year. If John spends the same amount of money each year after retirement, what is the maximum amount he can spend each year? Create a table to show his account balances, spendings, and changes from interest and principle each year.

Can you solve this in excel and explain your steps please? thank you