3. Glencor new equipment. T e will need to have $3,000 on October 15, 2022 (our years from now) to udhau o accumulate this money, it will make four equal Investments, with e the equal investments have a . If Glencore can earn an annual interest rate of 10%, how much must invest per yo" ' beginning one year from now the irst of After presenting your findings from the above calculation, Glencore's CFO asks you to consider an alternative scenario. Both changes are to occur today and will continue throughout the four years. You are to consider both changes simultaneously. b. 1. The interest rate will increase today and remain at that higher level. 2. There will still be four equal investments, but the first investment will occur immediately Without doing any calculations, how would these changes (considered simultaneously) atfect your answer in part a? Using no more than 50 words, carefully justify your response. Do not write more 50 words. lease use no more than 50 words. Indicate the number of words written in this pace