Question: please show me an example on how to answer this question. please show work in excel. thanks How much money must you save and invest
How much money must you save and invest on a monthly basis (constant amount) so that you end up with $1,000,000 (in todays dollars, must convert to future dollars) when you first retire? Choose your own (realistic) assumptions for savings start date, retirement date, inflation rate, investment return. Assume savings are at the end of each period. Assume you have no current savings. Show your work in an Excel file and attach it to this assignment
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