Suppose you have $5,000 and plan to purchase a 4-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures 5.854.59 359 10628 3762 59 Pistol Pete has saved $1,500 from his side job working kid's birthday parties. He would like to know how much he could accumulate in an investment earning 5% interested if he leaves the money untouched for 7 years. Question 4 8 pts Pistol Pete's son, Parker, has had a recent visit to the orthodontist. Parker needs braces in 5 years. Pistol has a fund set up that has a current balance of $2,500. The cost of Parker's braces is estimated to be $6,250. What interest rate would Pistol Pete have to earn on an investment in order to reach his goal? Round your final answer to two decimal places