USING EXCEL

Your birthday is in May 2002. You already have $200,000 in an account that earns 8% per year, compounded monthly. You want to have $1,000,000 in this account on your 35th birthday.

a-After how many months will you turn 35 years starting end of October2021 (ignore days)?

b-How much will you have to put each month starting end of October 2021 and until you turn 35 in order to have the 1,000,000 provided that you have $200,000 that you will continue to save in the same account.