I don't know how to set this up in excel, if could help me I would appreciate it alot


If you were able to save 20% of the Taxes you pay, now and assume a 2% increase in what you pay every year for 40 years, and then invest that amount each year for 40 years at 10% compounded yearly, how much money would you have at the end of 40 years?
(Remember, you are making more money each year and paying 2% more in Tax than you did than the year before, so you are putting more into the investment each year when you save 20% of the money you pay in taxes.)