+ A Read aloud Draw Highlight Time Value of Money Problems Directions: Please complete the following problems. You can use the formula approach or Microsoft Excel. However, make sure to show all of your work. For instance, if you choose to write down your answers on paper, write down the formula and the inputs you used. If you use Excel, make sure to write down your inputs (PV=X FV = x PMT= x Rate= x, Nper =x). As an alternative, if you do the work in Excel, you can just electronically submit the file/spreadsheet. 7) Suzanne invests $20,000 in an account that pays 7% annual compound interest for 3 years. She wants to know how much money she will have at the end of each year. Please draw a timeline and show how much money Suzanne will have accumulated at the end of each calendar year (Years 1-3)