Help wanted to create a formula

[flds]

Sub: Retirement Investment Formula in Excel

Hello,

I am trying to figure out a formula in Excel how to calculate an investment.

Example: starting at age 58 I invest 100,000 @ 3.5% compounded daily for 7 years I have this formula:
=100000*(1+3.5%/365)^(365*7) = 127760.63

At age 65 I will start getting a monthly payment of 675.00 from the above investment for the next 5 years or 10 years, or more. (assuming I will still earn interest on this investment) What will be the balance amount, if I choose to withdraw the investment (at any time)?

I am looking to create a formula in Excel.

Any help would be appreciated.

FLD

[shg]

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