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Instructions: Either individually or in groups of up to 4 people please include the names of all group members on the submission) answer the following
Instructions: Either individually or in groups of up to 4 people please include the names of all group members on the submission) answer the following questions dealing with the ime value of money. You must show all of your work to receive full credit. To do this, you can either scan or take clear pictures of all pages of your work and upload them to Blackboard, or you can use Word's equation editor (press Alt and the equal sign at he same time to enter the equation editor). 1. If you invest $200 at an interest rate of 7%, how much will you have in 5 years? 2. How much would you need to deposit in the bank today in order to have $750 in 3 years if the bank offers you an interest rate of 4% ? 3. What interest rate would you need to earn to triple your money in 15 years
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