A bank offers a CD that pays a simple interest rate of 9.5%. How much must you put in this CD now in order to have $5,000 for a home-entertainment center in 3 years ..... The present value that must...


A bank offers a CD that pays a simple interest rate of 9.5%. How much must you put in this CD now in order to have $5,000 for a home-entertainment center in 3<br>years<br>.....<br>The present value that must be invested to get $5,000 after 3 years at an interest rate of 9.5% is $. (Round up to the nearest cent.)<br>

Extracted text: A bank offers a CD that pays a simple interest rate of 9.5%. How much must you put in this CD now in order to have $5,000 for a home-entertainment center in 3 years ..... The present value that must be invested to get $5,000 after 3 years at an interest rate of 9.5% is $. (Round up to the nearest cent.)

Jun 04, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here