Sandra has been looking at her finances trying to decide what she should do better with her investments and what she should do differently to save money. (Use six decimal places when rounding periodic interest rates.) 1. Sandra's grandfather has given her $3,000 to invest. She is trying to decide whether to invest it in a bond or a CD. a. The current rate for a five-year bond is an APR of 2.82%. This has simple interest. How much will the bond be worth at the end of its term if she invests the $3,000 now to purchase one? b. The current rate for a five-year CD pays 1.75% compounded monthly. How much will be CD be worth at the end of the term if she invests the $3,000 in the CD? c. Should Sandra choose the bond or CD as her investment option? Explain your answer by indicating how much interest Sandra would be earning in each of the types. Sandra has been looking at her finances trying to decide what she should do better with her investments and what she should do differently to save money. (Use six decimal places when rounding periodic interest rates.) 1. Sandra's grandfather has given her $3,000 to invest. She is trying to decide whether to invest it in a bond or a CD. a. The current rate for a five-year bond is an APR of 2.82%. This has simple interest. How much will the bond be worth at the end of its term if she invests the $3,000 now to purchase one? b. The current rate for a five-year CD pays 1.75% compounded monthly. How much will be CD be worth at the end of the term if she invests the $3,000 in the CD? c. Should Sandra choose the bond or CD as her investment option? Explain your answer by indicating how much interest Sandra would be earning in each of the types