Determine whether the following statement makes sense or does not make sense, and explain your reasoning. After depositing $1500 in an account at a rate of 4%, my balance at the end of the first year was $(1500)(0.04). Select the correct choices that complete the sentence below. The statement because if $1500 is deposited at a rate of 4%, then by the end of the first year the calculated is $(1500)(0.04). And the at the end of the first year will be $1500 + $(1500)(0.04)