Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)
$20,000 in a fund paying 5% per year, with monthly payments for 5 years, if the fund contains $10,000 at the start
PMT = ?
Btw, I would really like to know how to solve this using an online calculator. Or, even better, how would I solve this using Excel? Is there an Excel function that simplifies this?