Problem 1: Suppose $1000 is invested into account which pays 4% simple interest annually. Express the value V of the account after t years (also referred to as future value) as a function of t. In other words, find a formula that one could use to calculate the value of the account after any period of time. Step 1. Understanding the problem: Analyzing the interest and future value Calculate the interest earned int years and the value of the account after years for the following values of t: t = 1,2,3,4,5. Record the results of your calculations in the table The number of yearst 0 Interest (C) earned int years 0 Value V) of the account in t years 1000 1 2 3 4 5 What do you notice about the way the numbers in the third column of your table grow? What type of growth is this? Plot the points (V) from your table (in other words, plot the value of the account worsus time). What can you say about the position of the points you plotted