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You manage the regional CD investments for a bank. According to the current markets, you must offer a 3 year monthly compounding CD at a

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You manage the regional CD investments for a bank. According to the current markets, you must offer a 3 year monthly compounding CD at a rate of 0.3% to stay competitive. The money that patrons of your banks deposit into these CDs will immediately be transferred into a large scale investment account that the bank can earn 1% interest compounded continuously. If the bank needs $20,000 in profits from the investments over this 3 year period, then how much money would the bank require patrons to deposit into CDs

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