SOLUTION: How much money in dollars should a person deposit in a 6-months certificate of deposit CD that earns 6% simple interest in order to have $5000 when the CD matures at the end of the

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5000 = x*(1 + 0.06*0.5).    <<<---=== in this formula, 0.5 represents 6 months (0.5 of an year).


5000 = x*1.03


x =  = 4854.37 dollars.    ANSWER