A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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A bank offers a CD that pays a simple interest rate of 8%. How much must you put in this CD now in order to have $10,560 to replace all the windows in your house in 4 years?
O A. $2,560
B. $5,120
C. $8,000
D. $256
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Transcribed Image Text:A bank offers a CD that pays a simple interest rate of 8%. How much must you put in this CD now in order to have $10,560 to replace all the windows in your house in 4 years? O A. $2,560 B. $5,120 C. $8,000 D. $256
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