[Related to Solved Problem 3.1A] Suppose that you are considering investing $1,100 in one of the following bank CDs. CD 1, which will pay an interest rate of 4% per year for three years CD 2, which will pay an interest rate of 12% the first year, 7% the second year, and 3% the third year The future value of CD 1 is $ and the future value of CD 2 is $ (Round your responses to the nearest cent.) Given the future values you calculated, which CD should be chosen? A. CD 2 should be chosen. B. CD 1 should be chosen. Now suppose for CD 2 the interest rates stay the same but the order in which they paid changes such that CD 2 pays an interest rate of 3% the first year, 7% the second year, and 12% the third year. What is the future value of new CD 2? The future value of new CD 2 is $ (Round your responses to the nearest cent.) We also have a third CD in which you might investone that pays an interest rate of 2% the first two years and an interest rate of 12% the third year. How does the future value of this investment compare to the other two? The future value of CD 3 is than the future value of CD 1 and than the future value of CD 2. Which is the best investment? The best investment is CD