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 1 000 for a

Question

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 1 000 for a home entertainment center in 6 years The present value that must be invested to get 1 000 after 6 years at an interest rate of 9 5 is the nearest cent Round up to

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