A bank offers a CD that pays a simple interest rate of 11.5​%. 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 11.5​% is

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Q: A bank offers a CD that pays a simple interest rate of 8.5%. How much must you put in this CD now in…

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Q: A bank offers a CD that pays a simple interest rate of 9.5%. How much must you put in this CD now in…

A: We will find out the required value.

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Q: how do i solve this application ? step by step please

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Q: A bank offers a CD that pays a simple interest rate of 5.0%. How much must you put in this CD now in…

A: We can solve the problem by simple interest formula.

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Q: 17. Tanner and Ricardo each have $600 to deposit into a savings account. Tanner deposited his money…

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