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OpenStudy (nikki17_guess):
Archibald wants to have $22,000 in 13 months. About how much should he put into a 13-month CD that earns simple interest of 7.2% a year calculated monthly in order to reach his goal?
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OpenStudy (irishboy123):
solve this for CD \(\large CD*(1+ \frac{0.072}{12})^{13} = 22,000\)
OpenStudy (nikki17_guess):
thank you
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