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with excel fourmula -3. (Calculating the future value of an ordinary annulty)...

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-3. (Calculating the future value of an ordinary annulty) (Related to Finance for Ljfi:b ing for Retirement on page 204) Mike, 30 , has started a small business and wassin start saving for his retirement when he turns 65 . He has decided to invest {6,000 ets end of every year in a pension plan that earns him 6 percent compounded anmally. How much will Mike get when he retires? Mike then decided to keep reinvesting the profits in his business for a further fie? and start saving once he is 35 years old. How much will Mike get if he starts saviagt" same amount and investing in the same plan as before

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