Question: please show your work and formula on excel You would like to have $5 million dollars when you retire at age 65. You are 25

please show your work and formula on excel

  1. You would like to have $5 million dollars when you retire at age 65. You are 25 years old and you want to make your first savings payment immediately. You have not saved any money for your retirement as of yet. Assume interest rate is 7%, how much money must you set aside per year until and including your 65th birthday?

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