8. If you manage to save $1000 that you don't think you will need in the foreseeable future and you want to make a wise decision on where to use it would you rather use it to open a 5 year CD with a 3.10% APY or use it to pay down a $1000 credit card debt at 24% interest rate? Assume you would completely pay the $1000 debt in exactly 5 years. Show your calculations to justify your response. Review problems 5 and 6 for guidance