Suppose you deposit $1000 in an account that earns 7% simple interest. 1) Fill in the table. Balance 1000.00 Interest for the year Year 0 1 2. 3 4 5 6 7 8 9 10 2. What is the initial amount in the account? 3. By how much does the balance increase each year? 4. Write an equation that shows the account balance (y) as a function of the number of years (x). 5. Using the equation, what will the balance be in year 8? Does that value match the entry in the table? 6. What will be the balance in the account after 20 years? How did you derive at this