How do I solve b$?$ The interest rate o$$ered on a $270-$day certi$$cate of deposit is equal to $3\mathrm{.}75\%$ per year.

$($a$)$ What will the CD$$s proceeds be on its maturity date if you invest USD $1,500,000?$

$($b$)$ Six months later $($exactly $183$ days$),$ the yield on a newly issued CD maturing on

the same date as the CD in a$)$ is $4\%.$ What is secondary market value of the original

CD$?$