Please add the steps to the answer You need to decide how toinvest a graduation

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Please add the steps to the answer You need to decide how toinvest a graduation gift of $1000. The annual rate of return isgiven in the next table for each of three different types ofinvestments and three different states of the economy. a. Create atable that gives the amount of money for each type of account andstate of the economy after one year if interest is compoundedmonthly. b. Compute the expected value of your account at the endof one year for each of the investment types if the probability ofa recession is 0.5 and the probability of a stable economy is0.3.

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