17. O 2/5 points | Previous Answers CraudOL3 4.1.029 My Notes Ask Your Teac Parts (b) and (c) refer to the rates given on the First Command Bank table. (a) Assume that a one-year CD for $5000 pays an APR of 4% that is compounded quarterly. How much total interest does it earn? what is the APY? (Round your answers to two decimal places.) total interest APY 9% (b) If you purchased a one-year CD for $100,000 from First Command Bank, how much interest would you have received at maturity? Was compounding taking place? Explain. e Yes, compounding is taking place, because the APY>APR. O Yes, compounding is taking place, because the APY APR No, compounding is not taking place, because the APY > APR No, compounding is not taking place, because the APY