Question: Please do all the steps in excel 4. The future value of $1,000 compounded annually for 8 years at 12% may be calculated with the

Please do all the steps in excel

4. The future value of $1,000 compounded annually for 8 years at 12% may be calculated with the following formula: FV=$1,000(1+12%)8 If the same $1,000 was compounded quarterly, what formula would you use to calculate the FV? (A) FV=$1,000(1+3%)8 (B) FV=$1,000(1+12%)32 (C) FV=$1,000(1+3%)32 (D) FV=$1,000(1+12%)2 A borrower takes out a 30 -year mortgage loan for $350,000 with an interest rate of 6.25%. What would the monthly payment be

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