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A bank offers a CD that pays a simple interest rate of 4.0​%. How much must you put in this CD now in order to have ​$3500 for a​ home-entertainment center in 5 years. how do I start this problem?

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A bank offers a CD that pays a simple interest rate

of 4.0​%. How much must you put in this CD now in order to have ​$3500 for a​ home-entertainment center in 5 years. how do I start this problem?

 
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