This test: 36 point(s)

Question 20 of 36 ts tes 36 point(s) possible This question: 1 point(s) possible Submit test bank offers a CD that pays a simple interest rate of 1 1.5%. How much must you put in this CD now in order to have 6,000 for a home-entertainment center in 2 years. [he present value that must be invested to get $5,000 after 2 years at an interest rate of 115% is $0. (Round up to he nearest cent)