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Solve solution A bank offers a CD that pays a simple interest rate of 11.0%. How much must you put in this CD now in

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A bank offers a CD that pays a simple interest rate of 11.0%. How much must you put in this CD now in order to have $3,000 for a home-entertainment center in 2 years. The present value that must be invested to get $3,000 after 2 years at an interest rate of 11.0% is $ . (Round up to the nearest cent.)

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