Marcel has an opportunity to save $265 per month at an APR of 4.65% in a 401K plan through work. He plans to retire in 30 years. The income taxes are at 28% for him.

(1) Use Excel's FV function to determine how much his investment will be worth when he retires based on his contributions. (Express your answer rounded correctly to the nearest cent!) $

(2) How much will Marcel have deposited into the account by the time he retires? (Express your answer rounded correctly to the nearest cent!) $

(3) How much more money will Marcel have earned than what his investment amount was by the time he retires? Use Excel's FV function to help answer this question. (Express your answer rounded correctly to the nearest cent!)

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