Plaese answer both questions by using the information provided.

THE SAMPSONS-A Continuing Case resolved to save a total of $800 per month. Dave and the certificates of deposit listed in the follow- Recall that the Sampsons have Sharon notice that their local bank offers ing table; they now to CD requires a minimum investment of $300. Recall that the Sampsons are saving $500 each month for a down payment on a new car that they will purchase within a year. They are also saving $300 each month for their children's college education, which begins 12 years from now determine which CDs will best suit their savings goals. Each w need to determine which clos will best suit their savings goals Fo Go to the worksheets at the end of this chapter to continue this case. Maturity 1 month 3 months 6 months 1 year 3 years Annualized Interest Rate (%) 1.0 1.2 1.6 2.0 2.5 2.8 3.0 3.2 5 years 7 years 10 years