7. V HARMATHAP12 6.1.023. MY NOTES ASK YOUR TEACHER annual simple interest. Three months before the CD was due to mature, Bill needed his CD money, so a friend agreed to end Bil Casier bought a $7000, 9-month certificate of deposit (CD) that would an tim money and receive the value of the CD when it matured (a) What is the value of the CD when it matures? (b) their agreement a lowed the friend to earn a 10% annual simple terest return on his loan to how much od Bil receive from his friend? (Round your answer to the nearest cent)