14. Kordin worked all summer and wants to put his money away in a savings account to save up for college. He invested $3200.00 in a GIC for 4 years at 4.5% simple interest. Determine how much money Kordin will have when the GIC matures. Simple Interest Formula I=PRT Merg. I = the interest Money created in dollars P a the "Principer starting amount of money R= the Interest Rate per year in mont tom T= the Tme the money is invested. or Borrowed, in Years 15. Give an example for each of the following: (2)(N) a) Something you buy that DEPRECIATES with time: b) Something you buy that APPRECIATES with time