Xavier receives an inheritance of $15,000. His bank offers two options for purchasing a certificate of deposit (CD). The first has an interest rate of 3.15% compound annually with a 5-year term and a 7.5% penalty if he withdraws his money before the term ends. The second has an interest rate of 1.95% compounded annually with a 4-year term. He considers both because he may need the money for college in 4 years. What is the total interest eamed and final balance for each CD at the end of 4 years? Match each statement with the correct amount Interest earned at year 4 with CD 2 1.95%) . . 1 Value of CD 1 at year 4 after 7.5% penalty 1 . 11 Interest eamed at year 4 with CD 1 3.15%) Value of CD 2 at end of 4-year term :: $1,981.19 :: $15,707.60 :: $1,025.38 $16,204.67 :: $1,216.53 $16,216.53 11 $1,204.67 1: $2,012.88 $16,961.91