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III Homework: Test Practice Unit 2 - Math of Finance Question 6, 8.3.37 HW Score: 61.11%, 7.33 of 12 points Points: 0 of 1 Save

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III Homework: Test Practice Unit 2 - Math of Finance Question 6, 8.3.37 HW Score: 61.11%, 7.33 of 12 points Points: 0 of 1 Save A bank offers a CD that pays a simple interest rate of 3.5% How much must you put in this co now in order to have $4.000 for a home entertainment center in 6 years The present value that must be invested to get $4,000 after 6 years at an interest rate of 35% is $0 (Round up to the nearest cent)

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