Question: Using Excel, create a calculator that will determine the investment required today given inputs for a future need, interest rate, and number of years until

Using Excel, create a calculator that will determine the investment required today given inputs for a future need, interest rate, and number of years until the desired need is actually required. Test your calculator assuming your newly born child will grow up and follow in your footsteps and begin Computer Science in the year 2077. You are would like to provide for the first year of tuition which is expected to be $46000. a) How much must you put away today to cover the expected tuition cost if the expected interest is 4.5% annually? b) This might prove to be a bit an overburden given your current financial situation as a recent graduate. Create another calculator that will determine how much you would need to invest on a monthly basis to meet the same need. Assume interest compounds monthly. Investigate use the Excel PV and PMT functions to verify the required need is satisfied for the investment suggested by your calculators. How do these compare to your calculations using Time Value of Money equations

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