Question: Please solve the following question in detailed steps for Excel. Show ALL of the work. I will make sure to give a thumbs up. Thank

Please solve the following question in detailed steps for Excel. Show ALL of the work. I will make sure to give a thumbs up. Thank you. Julia is planning to retire this year. She has a pension which will pay her an equal payment of $60,000 annually until she passes away as well as a payment of $100,000 today. (a) First, calculate the value of this pension today if Julias remaining life expectancy is 30 years and she believes an interest rate of 7 percent is reasonable. (b) Next, calculate the value of this pension 30 years from now if Julia plans to leave it all to her heirs upon her passing away.

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