1. (2 point) You want to open a 5-year CD using $4,000. The interest rate is 3.5% and it compounded annually. How much will you have when the CD matures? \begin{tabular}{|llll} N= & PV= & PMT= & FV= \\ CPT( compute) & Calculated Answer: & \end{tabular} 2. (2 point) You are applying for a 15year,6.7% loan(an installment loan). The loan requires you to make annual end-of year loan payments of $1234.70. How much is the total loan amount that you are applying for? \begin{tabular}{|l|l|l|l|} \hline N= IY = & PV = & PMT = \\ CPT(compute ) & Calculated Answer: & & \\ \hline \end{tabular}