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I need help with this, please. Darnell, at age 27, is starting a new job and opening a retirement account. He plans to save until

I need help with this, please.

Darnell, at age 27, is starting a new job and opening a retirement account. He plans to save until age 60. If Darnell wants to take $2,800 per month from his account for 30 years, what will his account value need to be if he averages 7% returns? Use monthly compounding.

Why would a FV, PV, or PMT calculation make sense for THAT problem? Then, show the solved problem and explain where the numbers came from.

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