Question: Hello, I need help. I am not sure how to work out these 3 problems on excel. Can anyone help me I am not sure

Hello, I need help. I am not sure how to work out these 3 problems on excel. Can anyone help me I am not sure what formulas to use for excel. Thank you!!

1. Annuity: Mr. West wishes to purchase a condominium for $240,000 cash upon his retirement 10 years from now. How much should he deposit at the end of each month into an annuity paying 2.7% interest compounded monthly in order to accumulate the required savings? 0n the same day, Jesse deposits $1,000 in each of the following banks. Bank A pays 12% compounded annually; Bank B pays 12% compounded semi-annually; Bank C pays 12% compounded quarterly; Bank D pays 12% compounded monthly; Bank E pays 12% compounded daily. If he did not withdraw any money, how much will he have in each bank after 1 year? Find the Effective Rate (APR) for each bank in problem 3

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