Solve the following questions in a word file, use formulas and excel sheet only for calculations, provide the timeline, terms of analysis, formula and calculations in each question to obtain the full mark. IF USING EXXCEL SHEET PROVIDE THE DETAILS OF HOW YOU DID IT AND FORMULA IN EXCEL. Q1: Future Value: Assume that 1 year from now you plan to deposit 1,000 in a savings account that pays a rate of 8 percent a. If the bank compounds interest annually how much will you have in your account 4 years from now? b. Suppose you deposited the 1,000 in 4 payments of 250 each at the end of Years 1, 2. 3 and 4. How much would you have in your account at the end of Year 4, based on 8 percent annual compounding? C. Suppose you deposited four equal payments in your account at the end of Years 1, 2, 3 and 4. Assuming an 8 percent interest rate, how large would each of your payments have to be for you to obtain the same ending balance as you calculated in part a? (Hint: Discount your answer to part a) to the present and then use the present value of the annuity formula. Fill out all you can. The annuity should be the only unknown.)