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A bank offors a CD that pays a simple interest rate of 2.5%. How much must you put in this CD now in order to

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A bank offors a CD that pays a simple interest rate of 2.5%. How much must you put in this CD now in order to have $4000 for a graduation trip in 5 years? You must put 5 in this CD now in order to have $4000 for a graduation trip in 5 years. (Round up to the nearest cent.)

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