Question: What is the answer to the question below? Time valuePersonal Finance Problemyou have 1,500 to invest today at 7% interest compounded annually. b.Use your findings

What is the answer to the question below?

Time valuePersonal Finance Problemyou have 1,500 to invest today at 7% interest compounded annually.

b.Use your findings in part a to calculate the amount of interest earned in (1) the first 3 years (years 1 to 3), (2) the second 3 years (years 4 to 6), and (3) the third 3 years (years 7 to 9).

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