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9. [0/2 Points] DETAILS PREVIOUS ANSWERS HARMATHAP12 6.1.023. MY NOTES ASK YOUR TEACHER Bill Casler bought a $5000, 9-month certificate of deposit (CD) that would

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9. [0/2 Points] DETAILS PREVIOUS ANSWERS HARMATHAP12 6.1.023. MY NOTES ASK YOUR TEACHER Bill Casler bought a $5000, 9-month certificate of deposit (CD) that would earn 8% annual simple interest. Three months before the CD was due to mature, Bill needed his CD money, so a friend agreed to lend him money and receive the value of the CD when it matured. (a)..What.is.the. value of the CD when it matures? X (b) If their agreement allowed the friend to earn a 10% annual simple interest return on his loan to Bill, how much did Bill receive from his friend? (Round your answer to the nearest cent.) $ X Need Help? Read It

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