Answer the following problems in an Excel file. Please upload only one Excel file with all of your answers, including #3 (which requires an explanation rather than a calculation). All problems must be solved using the PV and FV functions in Excel. please explain how you got each answer and the formulas!!!

2)If I deposit $8,000 in a bank account that pays simple interest of 1.5%, how much will I have in the account after 10 years?