Question: please help! A department has ordered 7 new computers at a cost of $1865 each. The order will not be delivered for 9 months. What

please help! please help! A department has ordered 7 new computers at a cost

A department has ordered 7 new computers at a cost of $1865 each. The order will not be delivered for 9 months. What amount could the department deposit in a special 9-month CD paying 3.77% compounded monthly to have enough to pay for the machines at time of delivery? The department should deposit $ 9303.09 into the CD. (Do not round until the final answer. Then round to the nearest cent as needed.)

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