Part 3: Project-Based Activity Inga Bitterman is a business student at a university where she also works as a graduate assistant. She just received her first paycheck. Inga decided to open a checking account at a credit union that serves university employees. There is no monthly service charge on this account, although there will be a $35.00 fee if the account is overdrawn. 1. Inga makes an initial deposit on October 1, which includes a paycheck for $359.78, a check that was a birthday gift for $50.00, cash totaling $25.00, and coins totaling $4.78. What is Ing n's net deposit? Answer:1. Inpattonactions during the noo of October are shown in the following ushka Beccain the checking account moiger chown in the example that follows and record Inga's Bacher Topening thepath in the checking account regiser. Then need her tranection for the no of the month. Transaction Icichar ] Icintear 1 Whowe chack goto Fad Phone to pay phone bill of Dopained birthday gift of 575 10 Deinter 10 Wrow chock Full mo University Hook Siam far Ilcenter In Wow check :lol for $80 0D for fractal tickets Dopained $100.0. retain check from computer Whowe chack :Ill in Super Food Man far groceries Withdrew SHUMach from ATM Wow chad: :10in Community Fund for charitable Icinhear 10 Wrote chack #1:of in Find Hank for car payment of THETH cichar 11 Bamplacchoking rogkir: DATE DESCRIPTION PAYMENTS BALANCEHIIDTVSI . 3. Inga receives her monthly statement from the credit union, and it shows a statement balance of $455.53 as of October 31. Does this amount match the October 31 balance in her checking account register? Should she be surprised if there is a difference? Answer: 4. Inga reviews her monthly credit union statement and finds that both checks she wrote on October 30 did not clear. Her paycheck deposit on October 31 also does not yet appear on her credit union statement. Calculate the adjusted balance from her credit union statement. Answer: 5. Can you reconcile the balances in Inga's checking account register and the credit union statement? Answer: 6. Inga currently has $10,000 deposited in a savings account at Hometown Bank where it earns 2.5% annual interest rate compounded quarterly. However, the credit union offers her a 3.5% annual interest rate compounded quarterly. How much will her deposit be worth after three years at each place? Do you think it will be worth Inga's effort to transfer her savings from Hometown Bank to the credit union