Questions 37 and 38 refer to the following information A CD

Last updated: 2/6/2023

Questions 37 and 38 refer to the following information A CD account contains 5 400 today The account earns an annual interest of 7 for each of the next four years The bank uses the equation A 5 400 r to determine the amount of money in the account A after y years if no other deposits or withdrawals are made 37 What numerical value should the bank use for r To the nearest dollar how much money will be in the CD account at the end of the four years Note Disregard the sign when gridding your answer