Note: Please make sure to properly format your answers. All dollar figures in the answers need to include the dollar sign and any amount over 1,000 should include the comma ( $2,354.67). All percentage values in the answers need to include a percentage sign (\%). For all items without specific rounding instructions, round your answers to two decimal places, show both decimal places (5.06).Rob bought a 1965 Fender Jazzmaster vintage electric guitar in 1980 for a price of $150. In 2017 it was appraised for $4,500. You are going to compare this appraised value to what the $150 would have earned if it was deposited in a certificate of deposit for those 37 years. Interest on all of Rob's CDs is compounded continuously.a. If the account paid 12.3% interest for the first 7 years, what would the balance be after the first 7 years? Round to the nearest cent. □b. If the account paid 6% interest for the next 10 years, what would the balance be after the first 17 years? Round to the nearest cent. □c. If the account paid 4.1% interest for remaining 20 years, what would the balance be after the 37 years? Round to the nearest cent. □d. What is the difference between the appraised value of the guitar and the amount the original $150 would have earned in the bank? □ Get tutor help
