6. [-/1 Points] DETAILS JMODDS 5.2.033. MY NOTES PRACTICE ANOTHER Donald Trumptobe predicts that in 100 years, he will have four generations of offspring (that is, children, grandchildren, great-grandchildren, and great-great- grandchildren). He estimates that each person will have two children. How much will he have to have deposited so that each of his great-great-grandchildren would have $1,000,000 or more in 100 years if his money earns 7.5% compounded monthly? (Round your answer to the nearest cent.) $ Need Help? or more Read 7. [-/3 Points] DETAILS JMODD8 5.2.041. MY NOTES PRACTICE ANOTHER A certificate of deposit (CD) is an agreement between a bank and a saver in which the bank guarantees an interest rate and the saver commits to leaving his or her deposit in the account for an agreed-upon period of time. First National Bank offers two-year CDs at 9.16% compounded daily, and Citywide Savings offers two-year CDs at 9.17% compounded quarterly. Compute the annual yield for each institution. (Round your answers to two decimal places.) FNB CS Determine which is more advantageous or the consumer. ---Select has the better offer. Need Help? Read it Watch H