Instructions: Using Financial Formulas in Excel, answer the following time value of money problems in a single Excel worksheet. You can round to the nearest dollar. You must turn in your answers in an Excel document. 5. You decide that you need $70,000 in 6 years in order to make a down payment on a house. You plan to make annual deposits to achieve your goal. If interest rate is 4%, how much should be deposited each time? Hint use the Financial Function PMT to solve for the payment and PV will be zero