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12-04-2024
Mathematics

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Manuela wants to have $26,000 in 18 months. About how much should she put into an 18-month CD that earns simple interest of 5.6% a year calculated semiannually in order to reach her goal?
A. $23,985.24
B. $24,621.21
C. $14,130.43
D. $16,666.67

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