The day you were born your grandmother put$530 in an account to help pay your collegeexpenses. Every year, on your birthday, sheadds $53 to the account. Not counting theinterest earned, the principal in the accountmay be modeled byP = 530 + 53t where t = 0 represents the year you wereborn. Sketch the graph of the equation fromt = 0 to t = 18. How much is in the account on your 18thbirthday? Answer in units of dollars.