Laura has placed $1600 in an account that earns 3.5% interest every year. (a) Calculate how much Laura will have in this account after one year. [2 points] (b) After the first year, Laura withdraws all of her money from the account (including what she earned in interest) and places it in an investment that ends up losing 5% of its value in one year. (1) How much is Laura’s investment worth after losing its value? [2 points] (2) After the second year, what percent has Laura’s original amount, the $1600, decreased? Round to the nearest tenth of a percent.