PLEASE TAKE NOTE OF HOW THE TEACHER WANTS THE ANSWER AND HOW MANY DECIMAL PLACES ARE REQUIRED BEFORE GIVING ANSWER. THANKS

You have $20,000 to invest today. Your bank offers you 15% simple interest on your investment for ten years. How much will your investment be worth after ten years? Please round your answer to two decimal places. Also, be sure to label dollars as dollars using $. percentages as percentages using %, etc. You need $45,000 in ten years for college tuition. Similar investments earn 7% interest. How much must you save each year to reach your savings goal? Please round your answer to two decimal places. Also, be sure to label dollars as dollars using $. percentages as percentages using %, etc. You can receive $80,000 at the beginning of each year for thirty years. Similar investments earn 7% interest. How much are the payments worth to you at the end of thirty years? Please round your answer to two decimal places. Also, be sure to label dollars as dollars using $. percentages as percentages using %, etc