Question: Please show the correct answer and the excel formula. Thanks! Question 3 -- Annuities Annuities Due Answer all question parts below. Use blank spaces to

Please show the correct answer and the excel formula. Thanks!

Please show the correct answer and the excel formula. Thanks! Question 3

Question 3 -- Annuities Annuities Due Answer all question parts below. Use blank spaces to perform any necessary calculations. CELL REFERENCE AND USE EXCEL FUNCTIONS APPROPRIATELY. Format appropriately- To live the life you want to be able to live when you retire, you determine that you will need to have saved $1,750,000 by the time you retire in 45 years. Your Registered Retirement Savings Plan (RRSP) earns 4.2% compounded monthly. 1) What will your monthly RRSP contribution have to be if you start from $0 and make contributions every month? Monthly RRSP contribution amount per month 2) How much will you be able to withdraw each month from your retirement fund of $1,750,000 if you hope to do so for 35 years? Assume the fund will continue to earn 4.2% compounded monthly when you retire. Monthly RRSP withdrawal amount per month

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