Question: please use excels and list equation used on excel sheet. You are saving for retirement. To live comfortably, you decide you will need to save

please use excels and list equation used on excel sheet. You

please use excels and list equation used on excel sheet.

You are saving for retirement. To live comfortably, you decide you will need to save $2 million by the time you are 65. Today is your 30th birthday, and you decide, starting today and continuing every birthday up to and including your 65th birthday, that you will put the same amount into a saving account. If the interest rate is 5% how much must you set aside each year to make sure that you will have $2 million in the account on your 65th birthday

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