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ONLY ANSWER IN EXCEL FORMAT, FORMULA Exercise 5 . 1 3 : Max begins planning for retirement on his twentieth birthday. He believes a good

ONLY ANSWER IN EXCEL FORMAT, FORMULA Exercise 5.13: Max begins planning for retirement on his twentieth birthday. He believes a good planning horizon is his eightieth birthday. He would like to deposit a certain amount, A, in a moneymarket account earning 6.5% APR compounded weekly every year on his birthday from the time he turns 21 until he is 64. He would like to increase the amount A by 4% every year until the last payment. He believes he will need $50,000 to live on during his first year of retirement. He would like to increase the amount that he gets to spend by 6% each year. What is the value of A that will allow him to achieve his goal?

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