1. Blanche bought a 5-year CD for $7100 with an APR of 2.8%, compounded quarterly, but she wants to take all her money out 9 months early. The early redemption fee for the CD is 3 months' interest on the original principal. Help Blanche determine how much money she will end up earning in interest on the CD. (5 points: Part I - 1 point; Part II - 1 point; Part III - 1 point; Part IV - 1 point; Part V - 1 point)

Part IV: How much will Blanche get charged as an early redemption fee for taking all her money out 9 months early?

Part V: How much will Blanche have earned in interest after the fee is applied?