Problem: The Reyes family has just had a first child, Maria. Everybody is excited and wants the best for their daughter: (A) The mother, Martha suggests that they will save $1,000 for Maria's 1 s birthday, and increases by $100 each year, i.e. $1,100 for Maria's 2nd birthday... (B) The father, Martin agrees to that plan, but he wants to make a "small" additional plan of $1 for her 1st birthday, and double its amount each year, i.c. $2 for 2nd birthday, and $4 for 3rd birthday..., "It will not be much", he said. (C) Maria's grandfather, Marcus, who is already retired, deposited $15,000 into a saving account that earns 4% interest compounded annually. We will analyze these saving plans at different stages. 1. VISUAL COMMUNICATION: AT MARIA 'S IOth BIRTHDAY (a) Without calculation, EACH of the first 10 years, between Martha's plan and Martin's plan, which plan saves (generates) more money? Explain the reason for your choice: (b) Without calculation, for the TOTAL of the first 10 years, between Martha's plan and Martin's plan, which plan saves (generates) more money for Maria? Explain the reason for your choice: 3. Consequences \& Implications (3pts) (a) Find the total of the first 10 years for Martha's plan: $1,000+$1,100++$1800+1,900= (b) Between Martha's plan and Marcus's plan, which plan save more money for Maria? (c) Rank each plan in terms of money saved for Maria: I for the most and 3 for the least: Martha's plan Martin's plan Marcus's plan