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Consider a CD paying a 3.9% APR compounded daily. (a) Find the periodic interest rate. (b) Find the future value of the CD if you
Consider a CD paying a 3.9% APR compounded daily. (a) Find the periodic interest rate. (b) Find the future value of the CD if you invest $2000 for a term of two years. (a) The periodic interest rate is %. (Round to three decimal places as needed.) (b) The future value of the CD is $ (Use the answer from part (a) to find this answer. Round to the nearest cent as needed.)
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