Serena Williams Corp having recently issed a 20 million, 15-year bond issue, is committed to make annual sinking fund deposits of 600,000 the deposits are made on the last day of each year and yield a return of 10%. Will the fund at the end of 15 years be sufficient to retire the bonds. If not, what will the deficiency be. I need to know what formula to enter into excel format per below.

the project is this : Time Value of Money Problems Using Excel "Excel spreadsheets should look like the following Be sure to center all entries use 12 font and skip a row after each one. when computing the answers you must use excel functions such as PV and FV Do not use PV tables or the mathematical formulas.