Question Help Suppose that $5,500 is invested in a 3-year CD with an APY of 2.5%....

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Question Help Suppose that $5,500 is invested in a 3-year CD with an APY of 2.5%. Recall that this means the money must be left with the bank for 3 years, and they will guarantee an annual rate of return of 2.5% with compounding interest. Complete parts (a) through (c) below. (a) What is the corresponding APR? The corresponding APR is %. (Simplify your answer. Round to three decimal places as needed.) Question Help Suppose that $5,500 is invested in a 3-year CD with an APY of 2.5%. Recall that this means the money must be left with the bank for 3 years, and they will guarantee an annual rate of return of 2.5% with compounding interest. Complete parts (a) through (c) below. (a) What is the corresponding APR? The corresponding APR is %. (Simplify your answer. Round to three decimal places as needed.)