Connie and Alvaro sell their house and buy a fixer-upper house. They made $130,000 on
Chapter 3, Problem 52(choose chapter or problem)
Connie and Alvaro sell their house and buy a fixer-upper house. They made $130,000 on the sale of their previous home. They know it will take 6 months before the general contractor will start their renovation, and they want to take advantage of a 6-month CD that pays simple interest. What is the rate of the 6-month CD if they will make $3250 in interest?
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