Question: A bank offers a CD that pays a simple interest rate of 2.5% How much must you put in this CD now in order to

A bank offers a CD that pays a simple interest rate of 2.5% How much must you put in this CD now in order to have $2,000 for a homo-entertainment center in 4 years, The present value that must be invested to get $2,000 after 4 years at an interest rate of 2.5% $(Round up to the nearest cent.)

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