G reg and Verena Sava need $20,000 in 3 years to expand their goat cheese business. The

Chapter 0, Problem 39

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G reg and Verena Sava need $20,000 in 3 years to expand their goat cheese business. The Bank of Sutton is offering a 3-year CD paying 3.9% compounded monthly. How much should they invest now to achieve their goal? Round to the nearest whole dollar.

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