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A bank offers a CD that pays a simple interest rate of 11,0% How much must you put in this Co now in order to

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A bank offers a CD that pays a simple interest rate of 11,0% How much must you put in this Co now in order to have $2500 for a home entertainment center in 3 years The present value that must be invested to get $2500 after 3 years at an interest rate of 11.0% is (Round up to the nearest cent)

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