Please show work if possible and use PV function in excel. Thanks!

Instructions: Using Financial Formulas in Excel, answer the following problems in a single Excel worksheet. Round to the nearest dollar. You must turn in an Excel document. 3. If you wish to accumulate $53,000 in 7 years, how much must you deposit today in an account that pays annual interest rate of 8%, with quarterly compounding of interest? 8. Your grandparents offered you some money via the following options. Assuming an annual interest rate of 8%, which option should you choose? Show your work. a. Receive $12,000 immediately b. Receive $1,000 at the end of each six months for six years. This results in payments totaling $12,000. You will receive the first check in six months. c. Receive $800 at the end of each year for three years, and then $8,000 at the end of the fourth year. This results in payments totaling $10,400