(1 point) (Exercise 2.27) A bank offers the following certificates of deposit (CDs): Nominal annual interest rate Term years Nominal Annual Interest Rate (convertible semiannually) 4.5% 5% 7% 7.25% 7.5% The bank does not permit early withdrawal, and all CDs mature at the end of the term. During the next six years the bank will continue to offer these CDs. An investor deposits $1000 in the bank. Calculate the maximum amount that can be withdrawn at the end of six years ANSWER = $ u AWN