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= nep 1.3.37 A bank offers a CD that pays a simple interest rate of 50% How much must you put in this CD now

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= nep 1.3.37 A bank offers a CD that pays a simple interest rate of 50% How much must you put in this CD now in order to have $2500 for a home-entertainment center in 4 years The present value that must be invested to get 52500 after 4 years at an interest rate of 5,0% is $ (Round up to the nearest cent)

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