These have to be solved using Excel,

1)Sixteen years ago your parents opened a saving account in your name and made a lump sum deposit, today the balance of this account is $260,000. If the account has been earning 8% compounded annually, how much did your parents initially deposit

2)Sixteen years ago your parents deposited an amount in your saving account earing 6% annually, today the balance of this account is $260,000. If the account is expected to continue earning 8% annually, what will the balance be in 5 years?

3)Sixteen years ago your parents deposited an amount in your saving account, today the balance of this account is $260,000. If the account has been earning 8% compounded monthly, how much did your parents initially deposit?

4)Sixteen years ago your parents deposited an amount in your saving account, today the balance of this account is $260,000. If the account has been earning 8% compounded continuously, how much did your parents initially deposit?

5)Sixteen years ago your deposited $200,000 in your saving account, today the balance of this account is $260,000. Calculate the annual rate of return earned on this account.