Assignment 2: Time Value of MoneyWhen the Genesis and Sensible Essential teams held their weekly meeting the time value of money and its applicability yielded an extremely stimulating discussion. However most of the team members from Genesis were very perplexed. Sensible Essentials decided the most expedient way to demonstrate how interest rates as well as time impact the value of money was to use examples. You have been asked to prepare a report analyzing your findings of the three example calculations listed below.In this assignment you will do the following:Perform your calculations in an Excel spreadsheet. Copy the calculations in a Word document. In addition write a 2- to 3-page executive summary in Word format. Your summary should reflect a proper analysis of your findings including a comparison and contrast of data. Apply APA standards to citation of sources. Use the following file naming convention: LastnameFirstInitial_M2_A2.doc.ByWednesday September 10 2013 deliver your assignment to theM2: Assignment 2 Dropbox.