using excel, determine the future value of an amount deposited today, given an interest rate and the number of time periods. Be sure to use compound interest (interest rate applies to both principal and interest previously earned) versus simple interest (interest rate applies to only the principal).Suppose you currently have $10,000 and plan to purchase a 5-year certificate of deposit (CD) at your local bank that pays 4% interest, compounded annually. How much will you have when the CD matures? How would your answer change if the interest rate were 5%, or 6%, or 20%? Given the interest rate of 4%, how would your answer change if the CD term were 2-years or 3-years, or 10-years?