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

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 $1,000 for a home-entertainment center in 2 years. The present value that must be invested to get $1,000 after 2 years at an interest rate of 2.5% is $ to the nearest cent.) (Round up

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