Question: Please provide work and steps (Excel formulas, etc.) Suppose that instead of making a single investment at birth, the government chooses to make contributions at

Please provide work and steps (Excel formulas, etc.)

Suppose that instead of making a single investment at birth, the government chooses to make contributions at the end of each year toward each child's retirement savings, starting 1 year after birth (65 contributions in total). Assuming an annual rate of return of 6%, how much will the government have to contribute each year per child to ensure that each child has $2 million after 65 years

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