Recently, a certain bank offered six-month CDs at 7.0% compounded monthly. (Round your answers to two decimal places.) (a) Find the annual yield of one of these CDs. % (b) How much would a $1,000 CD be worth at maturity? $ (c) How much interest would you earn? $ (d) What percent of the original $1,000 is this interest? % (e) The answer to part (d) is not the same as that of part (a). Why? Part (a) is for a year; part (d) is for 6 months. Part (a) is for 6 months; part (d) is for a year. (f) The answer to part (d) is close to, but not exactly half, that of part (a). Why? You earn interest on interest; that is what compounding means. The annual yield does not take into account the initial investment