No Excel solution needed.

An employee age 40 earns $40,000 per year and expects to receive 3% annual raises at the end of each year for the next 25 years. The employee contributes 4% of annual salary at the beginning of each year for the next 25 years into a retirement plan. How much will be available for retirement at age 65 if the fund earns a 5% effective annual rate of interest?