Savings Account or Piggy Bank? Most banks and credit unions offer savings accounts as a simple way for consumers to keep the money they sawe safe. But is a savings account the best way to keep your money sate, or are you better off putting cash in a playbank? This is the question you will answer at the end of this activity 1. On May 1st, Harry, Larry, Sherri and Mary each decide to put aside some money, and they are wondering if they should put their money in a savings account. For the questions in this activity, you cakepandum.cument interest sales and feeder use the common 2015 interest rate and fee for the most basic savings account listed below Minimum to open an account: $25 Annual nominal interest rate: 0.01% interest is compounded daily Monthly fee: 5 fee per month, waived if balance is over $300 a. Complete the table for each student's balance with your chosen interest rate. Note that May, July, August, and October each have 31 days, and June and September lave 30 days. Person End of May End of June End of July End of August End of End of September October Starting Balance $150 $500 Harry Larry Sherri $325 Mary $275 b. Graph each person's balance on the graph on the following page with time in months plotted on the horizontal axis and balance plotted on the vertical axis