A 35 year old employee makes $340,000 per year with her employer. She has been with the company for 5 years. If she expects to live only 9 years after starting to collect Social Security retirement benefits at age 67, would she be better off applying for reduced retirement benefits at age 62? Show how much better or worse she would be if she applied for Social Security at age 62.

Be sure to show your spreadsheet AND show each formula you used in Excel for every calculation performed.