2:12 submit button in the assignment on Canvas. 1. [2 pts]Find the present value of an investment that is worth $19,513.75 after earning 3% simple interest for 5 years. (Grade breakdown: 1 correct formula; -25 work; .25 answer; 5 for reasoning) Replace the italicized words with your image of the solution, answer and explanation. (for question I only) 2. The table below shows the activity on the credit card statement of Miss Pepper Mills for the month of April. She started the month with a balance of $342.57. Date Activity Location Amount 04/05 Payment Payment $200.00 04/15 Charge Gas $26.37 04/22 Charge Macy's $105.42 04/25 Charge Starbuck's $4.24 a. [4 pts) Find the average daily balance. (Grade breakdown: 2 work; 1 answer; 1 for reasoning) Replace the italicized words with your image of the solution, answer and explanation. (for question 2a only) b. [4 pts] If her card charges an 18.5% annual interest rate on her average daily balance, calculate Miss Pepper Mill's finance charge for the month of April. (Grade breakdown: 1 correct formula; 1 work; 1 answer; 1 for reasoning) Replace the italicized words with your image of the solution, answer and explanation. (for question 2b only)