If you deposit $3000 in a mutual fund and it grows at a rate of 14%/year, how much will you have in 5 years? If you need $50,000 in 15 years to pay for your child's 4-year college education and you currently have $14,000 to invest, will you have enough money if you earn 10%/year? Explain. How much must you invest today in order to have $8000 in 3 years if you can earn 8%/year