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 4 years if the following assumptions were true?

• You make payments of $35 a month to your savings account every month for 4 years.
• Your savings account has a fixed APR of 1.1%. Note: A fixed APR is an annual interest rate that does not change during the 4-year period.
• You will not take any money out of your savings account during this 4-year period.
• You have no beginning balance.

(Round to the nearest cent)