PARTIAL CREDIT-- You must use Excel equations and functions (25 pts) Max is planning his retirement 30 years from now. He plans to save $200 each month for the next 30 years (ordinary annuity). His investment will earn 9.45 percent compounded monthly Max will earn 3.5 percent compounded monthly on his investment during retirement. He plans to withdraw $7,000 per month from his retirement account for 30 years and have $200,000 for his heirs at the end of the retirement period. Unfortunately he needs to deposit an amount at the beginning of his savings period. How much must he deposit today to accomplish his goals? ? 30 years $200 per month 9.45% annual Saving Period initial Balance Total Length Savings amount 16 Rate during Savings (APR) 7 8 Retirement Period 9 Withdrawal Period Length 0 Rate during Retirement i Withdrawal amount 2 Inheritance 23 30 years 3.50% $7,000 per month $200,000 +