jn0519 jn0519
  • 20-05-2023
  • Mathematics
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A bank offers a CD that pays a simple interest rate of 7.0%. How much must you put in this CD now in order to have $4500 for a home-entertainment center in 5 years.
The present value that must be invested to get $4500 after 5 years at an interest rate of 7.0% is $__ (Round up to the nearest cent.)

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