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Math21wWed Test: Lab 2 5 of 10 (0 complete) This Question: 1 pt Mishu wants to invest an inheritance of $22,000 for one year. His

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Math21wWed Test: Lab 2 5 of 10 (0 complete) This Question: 1 pt Mishu wants to invest an inheritance of $22,000 for one year. His credit union offers 7.91% for a one-year term or 7.86% for a six-month term. (a) How much will Mishu have after one year if he invests at the one-year rato? (b) How much will Mishu have after one year if he invested for six months at a time at 7.86% each time? (c) What would the one-year rate have to be to yield the same amount of interest as the investment described in part (b)? (a) After one year, Mishu will have $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed) (b) One year after the initial investment, Mishu will have $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed) (c) The one-year rate to yield the same amount of interest as the investment duscribed in part(b) i %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

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