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Alonzo received a $1300 bonus. He decided to invest it in a 5-year certificate of deposit (CD) with an annual interest rate of 1.48% compounded

Alonzo received a $1300 bonus. He decided to invest it in a 5-year certificate of deposit (CD) with an annual interest rate of 1.48% compounded annually. Answer the questions below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas

.

(a)

Assuming no withdrawals are made, how much money is in Alonzo's account after 5

years?
$
(b) How much interest is earned on Alonzo's investment after 5 years?

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