Use Excel functions and formulas for the calculations, please show the Excel functions and formulas. A friend is celebrating her birthday and wants to start saving for her anticipated retirement. She has the following years to retirement and retirement spending goals:

Years until retirement:	30
Amount to withdraw each year:	$90,000
Years to withdraw in retirement:	20
Interest rate:	8%

Because your friend is planning ahead, the first withdrawal will not take place until one year after she retires. She wants to make equal annual deposits into her account for her retirement fund.

1. Suppose your friends employer will contribute to the account each year as part of the companys profit-sharing plan. In addition, your friend expects a distribution from a family trust several years from now. What amount must she deposit annually now to be able to make the desired withdrawals at retirement?

Employers annual contribution:	$ 1,500
Years until trust fund distribution:	20
Amount of trust fund distribution:	$25,000