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A bank offers a CD that pays a simple interest rate of 11.5%. How much...

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Accounting

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A bank offers a CD that pays a simple interest rate of 11.5%. How much must you put in this CD now in order to have $2500 for a home-entertainment center in 5 years. (Round up to the next dollar, as needed.) He must put in $ to have $2500 in 5 years

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