Question: Please solve this question in Excel with all steps and show work Your client just graduated at 22 and intends to start saving for their

Please solve this question in Excel with all steps and show work

Please solve this question in Excel with all steps and show work

Your client just graduated at 22 and intends to start saving for their retirement. Your client wants to retire in 35 years. At that time, they would like to withdraw an income of $250,000 per year for 40 years. Their relative also left them $20,000, so they have a great headstart. How much should they put away every year (with the first payment made at the end of this year) to have the ability to withdraw $250,000 per year for 40 years once they retire. They can earn 7% compound interest per year

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