Use Microsoft Excel and complete the following 5 questions. You must reference your cells as well as type the formulas correctly. Please follow the PV, FV, PMT, R, N, B/E format as taught in class.

Dr. Pickens wants to buy a burger chain. He currently has $20,000. He needs to have $120,000 in 7 years. He can earn 12% compounded annually. If he saves money at the beginning of the month, how much must he save per month to meet his goal?