Please solve the problem in the table (2-5) as well as the addition question at the bottom.

Assignment 8 Savings Worksheet Here is a review on how to calculate compounded interest. You want to save $100 a month for the next five years. The compounded annual interest rate is 4.5%. At the end of the five years you would have accumulated S6,860.261in that account. Hint: we are not figuring out the monthly rate, so you don't have to divide the interest rate by 12 Savings Balance Year Calculation Rate of Interest .045 Amount of Interest 1$100 x 12- $1,200 2$100 x 12-S1,200 + S1,254 3$100 x 12-$1,200 +$2,564.43 4$100 x 12-S1,200 + S3,933.83 $1,254.00 $2,564.43 $3,933.83 $5,364.85 $295.41$6,860.26 S54.00 x045 . 045 x045 x045 $110.43 $169.40 $231.02 5$100 x 12-$1,200 + $5,364.85 Problem: Suzy wants to save money so she can buy a new car in five years. If she puts $400 a month into a savings account with a 6% annual interest rate, calculate the total savings she will have saved after the five years. Please show your math. I've started you on the right track. Savings Balance $5,088.00 Year Calculation Rate of Interest x.060 Amount of Interest | $400 12 = $4,800 $288.00 4 Which of the following totals did Suzy accumulate to buy her car after saving for five years? a. $25,440.00 b. $28,681.51 c. $29,435.78 Make your money work for you. If you haven't already, start saving now to achieve one of your goals! Assignment 8 Savings Worksheet Here is a review on how to calculate compounded interest. You want to save $100 a month for the next five years. The compounded annual interest rate is 4.5%. At the end of the five years you would have accumulated S6,860.261in that account. Hint: we are not figuring out the monthly rate, so you don't have to divide the interest rate by 12 Savings Balance Year Calculation Rate of Interest .045 Amount of Interest 1$100 x 12- $1,200 2$100 x 12-S1,200 + S1,254 3$100 x 12-$1,200 +$2,564.43 4$100 x 12-S1,200 + S3,933.83 $1,254.00 $2,564.43 $3,933.83 $5,364.85 $295.41$6,860.26 S54.00 x045 . 045 x045 x045 $110.43 $169.40 $231.02 5$100 x 12-$1,200 + $5,364.85 Problem: Suzy wants to save money so she can buy a new car in five years. If she puts $400 a month into a savings account with a 6% annual interest rate, calculate the total savings she will have saved after the five years. Please show your math. I've started you on the right track. Savings Balance $5,088.00 Year Calculation Rate of Interest x.060 Amount of Interest | $400 12 = $4,800 $288.00 4 Which of the following totals did Suzy accumulate to buy her car after saving for five years? a. $25,440.00 b. $28,681.51 c. $29,435.78 Make your money work for you. If you haven't already, start saving now to achieve one of your goals