Question: Solve the following problems using Excel spreadsheet. Also, please show the mathematical formulas you would use to solve the questions. You are required to plug

Solve the following problems using Excel spreadsheet. Also, please show the mathematical formulas you would use to solve the questions. You are required to plug the numbers into the formulas but there is no need to calculate the numerical results manually based on the math formulas.

You want to be a millionaire when you retire in 40 years. How much do you have to save each month if you can earn a 10 percent annual return?

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