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Sara calculates that if she makes a deposit of 8 each month at an APR of 3.6%, then at the end of two years she'll

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Sara calculates that if she makes a deposit of 8 each month at an APR of 3.6%, then at the end of two years she'll have $195. Lee says that the correct amount is 214. The Regular Deposits Rule of Thumb should be helpful here. What was the total amount det noring interest earned)? What would the balance be if the total amount were deposited at the beginning of the two years? (Astume ne additional deposits are made and the money compounds monthly at an APR of 3.6%) Whose answer(s) is ruled out by these calculations? Why? Sara's answer is ruled out by the calculation because her calculation is less than the total amount deposited. Lee's answer is also ruled out because his calculation is more than what the balance would be if the total amount was deposited at the beginning of the two years Sara's a wer is ruled out by this calculation because her calculation is less than the total amount deposited. Lee's answer is not ruled out because his calculation is more than the total amount deposited but less than what the balance would be if the total amount was deposited at the beginning of the two years Sara's answer is n o t by this calculation because her calculation is more than what the balance would be the total amount was deposited at the beginning of the two years. Lee's answer is also ruled out because is calculation is more than what the bace would be if the total amount was deposited at the beginning of the two years Sara's is not ruled out by is calculation because her cal o re than the total amount deposited but than what the balance w ith the total amount was deposited at the beginning of the two years. Lo's swer is ruled out because this canonis more than what the balance would be the total amount was deputed at the beginning of the two years. Sare's answer is ruled out by this calculation because her calculation is less than the total amount deposited. Lee's answer is also red out because his calculation is less than the total amount deposited

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