Determining the future value (FV) of a savings bond using Excel.

How do I set this problem up in a spreadsheet?

You have just made your first $20,000 contribution to your individual retirement account. Assuming you earn an 11% rate of return and make no additional contributions, what will your account be worth when you retire in 45 years? What if you wait 10 years before contributing?

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... $2,190,605

The account would be worth $2,190,605 when you retire.

(2) When you contribute after 10 years, ...