Please answer all questions in Excel showing steps and formulas!! Please explain how the tables are made!

QUESTION 1 (1.5 POINTS): Upon starting your new job after graduation, you've been confronted with selecting investment for your 401K retirement plan. You have four choices for investing your money:

A money market fund which has historically returned about 5% per year.

A long-term bond which has earned an average annual rate of return of 8%

A conservative common stock fund which has earned 10% per year.

An aggressive common stock fund which has historically earned 14% per year.

a. If you were to contribute $3,600 per year (at the end of each year) for the next 35 years, how much would you accumulate in each of the above funds? (Use FV function)

b. Recalculate part a in a separate excel worksheet (same excel file), but now change your worksheet appropriately so that it allows for non-annual investments (monthly, weekly, quarterly etc.). The annual investment is still $3,600. For example, when you invest quarterly, you invest $900 (=$3,600/4) four times a year. Using the scenario manager tool create four scenarios, one for each fund, and then make a scenario summary that shows the accumulated value in each fund if you were to invest quarterly, monthly, biweekly and weekly. When you are done, the scenario summary should look something like this: