SOLUTION: Graduation is 3 years away and you want to have $1400 available for a trip. If your bank is offering a 3-year CD (certificate of deposit) paying 2.7% simple interest, how much do y

Question 1126202: Graduation is 3 years away and you want to have $1400 available for a trip. If your bank is offering a 3-year CD (certificate of deposit) paying 2.7% simple interest, how much do you need to put in this CD to have the money for your trip?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!

After 3 yrs you want:

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you need to put $1,295.10 in CD
-------------
check:

and

OK
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