Question: A department has ordered 9 new computers at a cost of $2297 each. The order will not be delivered for 9 months. What amount could

A department has ordered 9 new computers at a cost of $2297 each. The order will not be delivered for 9 months. What amount could the department deposita special 9-month CD paying 6.25% compounded monthly to have enough to pay for the machines at time of delivery? The department should deposits into the CD (Do not round until the final answer. Then found to the nearest cent as needed)

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