5-37 (similar to) Question Help w Related to Checkpoint 5.7) (Calculating an EAR) Your grandmother asks for your help in choosing a certificate of deposit (CD) from a bank with a one-year maturity and a fixed interest rate. The first certificate of deposit, CD 1, pays 5.95 percent APR compounded weekly, while the second certificate of deposit, CD #2, pays 6.00 percent APR compounded semiannually. What is the effective annual rate (the EAR) of each CD, and which CD do you cecommend to your grandmother? If the first certificate of deposit, CD #1, pays 5.95 percent APR compounded weekly, the EAR for the deposit is % (Round to two decimal places) Enter your answer in the answer box and then click Check Answer 2 parts remaining Type here to search 0 3 S 130 E CA Chest Ater 1:31 PM 2/11 14 15 16 000 17130 $ 4 .5 & 6 4P 7 R 20 1 19 D 10 8 E T Y U D F G H - R - 18 ' 9 0 C 112 1 D 0 O B 2 K L P D backspace her t