The function. t], describes the amount of money you would haye in a sayings account alter t years under the following assumptions: 1. Att = ll]. you initially haye 3501] in your sayings account. 2. Your account earns {19% interest annually. 3. "(our bank compounds interest My. t} = ED'EI + _gyg5}t How much money would you have in your sayings balance after 3 years using the assumptions above? is Number {Round to the nearest cent) Hoy.l much interest would you haye earned by leaving your money in your sayings account for 3 years? - {Round to the nearest cent) The function. g{t, A, r), describes the amount of money you would have in your savings balance alter t years under the following assumptions: 1. The letter "A" represents the initial amount of money deposited in your savings account. 2. The letter "I" represents the interest the account earns annually: the APR. It is written as a decimal. 3. Your bank compounds interest y. g[t,A,r) = so + ry355}35t Hmv much money would you have in your savings balance after 3 years if you initially invested 591%] and had an interest rate of 1.15%"? $ Number {Round to the nearest cent) Ho'lI'.I much interest would you have earned by leaving your money in your savings account for 3 years? $ Number {Round to the nearest cent) The following table shows the expenses and payments for 2 months on a credit card accountwith an initial balance of$532. Assume that the interest rate is 1% per month {12% APR} and thatthe interest for a given month is charged on the balance from the previous month. This means the amount owed in interest each month is the output of a function, x), that uses the input of the previous month's balance: 2. x} = 0.01 1: z The new.I month's balance is the output of a function: Stzapasa-l- that use the following inputs: . z: the previous month's balance 0 p: the payment 0 e: the expenses charged on credit for the month . a: the amount owed in interest g(2,p,e,a} = 2 p+E + a. Use the two iunctions to ll in the table below. For each question: round to the nearest penny and don't use commas or dollar signs. Expenses Interest Balanoe EEC: $632 |:|- $123 E Number at Number | 2 H $69 M $109 |$ Number |$ Number Use the appropriate function in Excel to answer the following question. How much money would you have in a savings account at the end of 5 years it the following assumptions were true? . You malte payments of $35 a month to your savings account eyery month for 5 years. - Your savings account has a xed APR of 1.5%. Note: A xed APR is an annual interest rate that does not change during the 5-year period. . You will not take any money out of your sayings account during this 5year period. . You More no beginning balance. NUITIDEF {Round to the nearest cent]