How much did he invest, Tom opened a five-year certificate

How much did he invest

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Reference no: EM132031525

Tom opened a five-year certificate deposit (CD) account at the beginning of the beginning of the year 2012 with annual interest rate 3.6%, compounded quarterly.

On the mature date of CD, Tom got $7500. Originally how much did he invest?

Reference no: EM132031525

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