Daniel Jackson is investing $8,500 in a bank CD that pays a 10 percent annual interest rate. How much will the CD be worth at the end of five years? (Do not round intermediate calculations. Round answer to 2 decimal places, e.g. 2,515,25.) Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.)

Daniel Jackson is investing $8,500 in a bank CD that pays a 10 percent annual interest rate. How much will the CD be worth at the end of five years? (Do not round intermediate calculations. Round answer to 2 decimal places, e.g. 2,515,25.) Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.)