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You set up a savings plan for retirement in 35 years. You will deposit $250 each month for 35 years. The account will earn an

You set up a savings plan for retirement in 35 years. You will deposit $250 each month for 35 years. The account will earn an average of 6.5% compounded monthly. a. How much will you have in your retirement plan in 35 years? b. How much interest did you earn. c. What percent of the balance is interest?

Could you show the formula in Excel? I think it is PV.

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