Q) If you need $40,000 five years from now, what is the minimum amount of money you need to deposit into a bank account that pays 4% annual interest, compounded (give your answers to the nearest...

Q) If you need $40,000 five years from now, what is the minimum amount of money you need to deposit into a bank account that pays 4% annual interest, compounded (give your answers to the nearest cent):

(a) annually? $

(b) monthly? $

(c) daily (assuming 365 days in a year)? $

Solve on the white paper.

Not solve in excel works.