Question: [ Related to Solved Problem 3 . 1 A ] Suppose that you are considering investing $ 1 comma 3 0 0 1 , 3

[Related to Solved Problem 3.1A] Suppose that you are considering investing $1 comma 3001,300 in one of the following bank CDs.
bullet CD1, which will pay an interest rate of 99% per year for three years
bullet CD2, which will pay an interest rate of 1010% the first year, 66% the second year, and 33% the third year
The future value of CD 1 is $enter your response here, and the future value of CD 2 is $enter your response here.(Round your responses to the nearest cent.)
Given the future values you calculated, which CD should be chosen?
A.
CD 22 should be chosen.
B.
CD 11 should be chosen.
Now suppose for CD 2 the interest rates stay the same but the order in which they are paid changes such that CD 2 pays an interest rate of 33% the first year, 66% the second year, and 1010% the third year. What is the future value of new CD2?
The future value of new CD 2 is $enter your response here. (Round your responses to the nearest cent.)

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