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1.Solve the equation analytically. 7 3 + 7x = 3 4 2x 2. How much money needs to be invested now to obtain $5000 in

1.Solve the equation analytically.

7³+ ^7x = 3⁴ ^2x

2. How much money needs to be invested now to obtain $5000 in 10 years if the interest rate in a CD is 2.25%, compounded monthly? Round your answer to the nearest cent.

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