Question: please do not use excel and show your work and the formulas used! suppose flint wishes to retire fifty years from today. he needs $8,000

please do not use excel and show your work and the formulas used!

suppose flint wishes to retire fifty years from today. he needs $8,000 per month once she retires, with the first retirement funds withdrawn one month from the day flint retires. flint estimates that she will earn an effective annual rate of 3.66% on his retirement funds. flint also believes he will need funds up and including her 40th birthday after retirement. how much must he deposit each year in his retirement funds, so that he has enough funds for retirement?

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