Using excel formulas!!!!!!

You're trying to save to buy a new $275,000 Ferrari. You have $50,000 today that can be invested. If you believe your mutual fund achieve an annual rate of return of 11.2 percent and you to but the car in 9 years (on the day you turn 30), how much must you invest today? Input area: \begin{tabular}{|lr|} \hline Number of years & 9 \\ \hline Interest rate & 11.20% \\ Future value & $275,000 \\ \hline \end{tabular} (Use cells A6 to B8 from the given information to complete this question. Your answer should be a positive value.) Output area: \begin{tabular}{|l|l|l|} \hline Present value & & \\ \hline \end{tabular} Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your Nothing in this area will be graded, but it will be submitted with your assignment