You have applied for a job with a local bank. As part of its evaluation process, you must take an examination of the time value of money analysis covering the following questions. Questions 1-5: Identify N, I/Y, PV, PMT, and FV and indicate which one you are calculating. Questions 6 and 7: Show all your steps. Submit your answers using Word or Excel document. 1) What's the future value of $250,000 after 3 years if it earns 26% annually? 2) What's the present value of $90,000 to be received in 3 years if the annual interest rate is 8% ? 3) What annual interest rate would cause $1,000 to grow to $2,000 in 12 years? 4) You have $60,000 to put as a down payment on a new house that costs $700,000, and you have been quoted the following terms: 5% Annual Percentage Rate (APR), for 30 years. If you decide to purchase this home, what will your monthly payment be? Additionally, over the life of the loan what would your total interest expense be? Calculation of interest expense: 5) You put \$8000 today in a bank safe deposit box and leave it there. You earn nothing in your bank account as the money is sitting inside a safe deposit box. Assume inflation rate is 10% a year. How much will your $8,000 be worth at the end of 5 years? 5) Year 1=$1,000; Year 2=$2,000; Year 3=$3,000; and Year 4=$4,000. What is the present value of these cash flows at 20 percent? 7) The present value (t=0) of the following cash flow stream is $11,958.07 when discounted at 20 percent annually. What is the value of the missing t=2 cash flow