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Please answer using Excel 10. Yau will need to replace the boilar far yaur apartment builcing in 3 years. The durrent cost of replacing the

image text in transcribedPlease answer using Excel

10. Yau will need to replace the boilar far yaur apartment builcing in 3 years. The durrent cost of replacing the boiler is $40,0c0 and you believe this nost will increase anrually at the rate of inflation {5%}. How much will pou need to set aside at the end of each month so that you will be able to replace the boiler in 3 years assamirg you tan earn 3%

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