% 4 A bank employee has been approached by a client, Tapiwa, who wants to know how much they would earn if they take advantage of the latest bank offers. Bank Offer Years Introductory interest 7.5% Standard Rate (after introductory rate) 5.5% onwards Tapiwa wants to invest E11,320 The bank employee used a spreedsheet to calculate the values for the offer below. However, this spreadsheet is incomplete. 1 Opening Balance E Interest 2 Closing Balance 5.5% 12,169.00 Interest 1 7.5% 849.00 2 3 11,320.00 4 1 2 3 4 14,062.80 5 6 7 8 831.46 15,948.97 5 6 9 7 8 10 11 12 13 Alternative Method 14 Introductory 15 Standard Rate 11,320.00 15, 117.51 7.5% 5.5% 15,117,51 19,757.98 Required What is his investment worth at the end of Year 8? Choose... What is the formula needed in Cell E14 to calculate the closing balance after 4 years? Choose... What is the formula needed in Cell E15 to calculate the closing balance after 9 years? Choose... ce after Required What is his investment worth at the end of Year 87 Choose... Choose... What is the formula needed in Cell E14 to calculate 13,801.17 17,751.61 What is the formula needed in Cell E15 to calculate 19,757.98 13,373.73 18,727.94 ce after What is the formula needed in Cell E14 to calculate the closing balance after 4 years. Choose... Choose... What is the formula needed in Cell E15 to calculate the closing balance after 9 years? =B14+C14*4 =B14+C141A6 =B14*(1+C14)^A6 =B14*(1+C14)*(1+C15) =B15*(1+C14)*(1+C15) =B15*(1+C15)MA11-A6) =B15*C15%A11-A6) What is the formula needed in Cell E14 to calculate the closing balance after 4 years? Choose... 4 What is the formula needed in Cell E15 to calculate the closing balance after 9 years? Choose... Choose... =B14*C14*4 =B14*C141A6 =B14*(1+C14) A6 =B14*(1+C14)*(1+C15) =B15*(1+C14)*(1+C15) =B15*(1+C15)A11-A6) =B15*C15%A11-A6)