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Problem Solving 23. Pieter van den Hoogenband changed his mind and decided he wants to invest his $21159.90 into a 5 year certificate of deposit that pays 2.9% interest compounded monthly. How much will Pieter receive when he redeems the CD at the end of 5 years. 24. Jordan borrows $3000 from his brother. He agrees to repay the money at the end of 2 years giving his brother the same amount of interest he would have earned by investing at 2.2% compounded quarterly. How much does Jordan owe his brother at the end of two years? 26. The town of Madison did upgrades to its waste water treatment facility. The cost of the upgrades was $825,000, and the state paid $315,000 of the total cost. The town can delay paying the balance of the cost for 25 years (without interest). To finance the balance, the town council will assess its 2000 homeowners a one-time flat fee surcharge and then invest the money in a 25-year CD paying 4.9% interest compounded quarterly. a) What is the balance due on the treatment facility? b) How much will the town need to invest now to in the CD to raise the balance due in 25 years? C) What amount should each homeowner pay as a surcharge? Show work