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Barkley Charles has a 4 - year CD at Bank of the Bayou for $ 3 4 , 0 0 0 . 0 0 that

Barkley Charles has a 4-year CD at Bank of the Bayou for $34,000.00 that earns 3.2% interest compounded monthly. Barkley's CD has a penalty of 8 months of interest.
a. If Barkley leaves his money in the CD for the entire term of 4-years, determine the amount owed as a penalty.
b. If Barkley leaves his money in the CD for the entire term of 4-years, determine and the amount of money he will receive.
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