Question: A department has ordered 6 new computers at a cost of $2078 each. The order will not be delivered for 3 months. What amount could
A department has ordered 6 new computers at a cost of $2078 each. The order will not be delivered for 3 months. What amount could the department deposit in a special 3 -month CD paying 366% compounded monthly to have enough to pay for the machines at time of delivery? The department should deposit \$ into the CD. (Do not round until the final answer. Then round to the nearest cent as needed)
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