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Graduation is 2 years away and you want to have $ 1 0 5 0 available for a trip. If your bank is offering a

Graduation is

2

years away and you want to have $

1050

available for a trip. If your bank is offering a

2 -

year CD

(

certificate of deposit

)

paying

4 %

simple interest, how much do you need to put in this CD to have the money for your trip?

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