Mishu wants to invest an inheritance of $27,000 for one year. His credit union offers 6.01% for aone-year term or 5.96% for asix-month term.

(a) How much will Mishu have after one year if he invests at theone-year rate?

(b) How much will Mishu have after one year if he invested for six months at a time at 5.96% eachtime?

(c) What would theone-year rate have to be to yield the same amount of interest as the investment described in part(b)?

(a) After oneyear, Mishu will have $

nothing

.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)

(b) One year after the initialinvestment, Mishu will have $

.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)

(c) Theone-year rate to yield the same amount of interest as the investment described in part(b) is

%.

(Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places asneeded.)