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anonymous

  • one year ago

a bank offers a cd that pays simple interest rate of 5.5%. how much must you put in a cd now in order to have $2000 for a home entertainment center in 2 years. The present value that must be invested to get $2000 after 2 years at an interest rate 5.5% is $ (round to the nearest cent)

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  1. anonymous
    • one year ago
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    @texaschic101

  2. anonymous
    • one year ago
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    principal x rate x time

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