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A bank offers a CD that pays a simple interest rate of 8%. How much must you put in this CD now in order

A bank offers a CD that pays a simple interest rate of 8%. How much must you put in this CD now in order to have $12,480 to replace all the windows in your house in 7 years? A. $4,480 B. $8,960 C. $8,000 OD. $448 ***

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