Variables Values Correct? A APR n Y PMT P Total Soome out of 12 Example 2: You Try O Suppose you deposit your $1200 bonus into a savings account at a 2.25% interest rate compounded monthly. If you also add $50 each month, how much money will you have in your account after 3 years? Identify the following and enter them in the table: -APR, the interest rate -n, the number of times interest is compounded in each year -Y, the number of years you are waiting PMT, the recurring payment amount (if any) -P, the starting balance of the savings account Then use the FV formula in Excel to calculate A, the ending balance.