Question: help A bank offers a CD that pays a simple interest rate of 4.5%. How much must you put in K this CD now in

help A bank offers a CD that pays a simple interest

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A bank offers a CD that pays a simple interest rate of 4.5%. How much must you put in K this CD now in order to have $5000 for a graduation trip in 3 years? You must put $ in this CD now in order to have $5000 for a graduation trip in 3years. (Round up to the nearest cent.)

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