Business, 16.03.2020 16:15 ira51

Angela will need $2000 in three years so that she can take a cruise vacation with some of her friends. She just received a large income tax refund of $2500 and would like to invest part of that money in a CD that will result in $2000 after three years. If the interest rate on the CD is 2% compounded quarterly, how much should Angela invest in the CD?

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Angela will need $2000 in three years so that she can take a cruise vacation with some of her friend...