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PLEASE SOLVE FOR THE PAYMENT AMOUNT USING PMT EQUATION NOT EXCEL PMT FINANCIAL EQUATION! (It should equal ($277.74)) please show your work INCLUDING EQUATION USED!

PLEASE SOLVE FOR THE PAYMENT AMOUNT USING PMT EQUATION NOT EXCEL PMT FINANCIAL EQUATION! (It should equal ($277.74)) please show your work INCLUDING EQUATION USED!

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=PMT(138/12,J39,J37,440) - How much will the need to save each month to have what they need when they retire? Withdrawal timing End of Year Current Savings Present Value (87,432.00) Interest Rate 11.0% Months to Retirement 240 Amount Needed Future value $1,021,624.40 Solve for the payment amount ($277.74)

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