- Graded CH5 Assignment Question 17 of 26

k- Graded CH5 Assignment Question 17 of 26 View Policies Current Attempt in Progress Your birthday is next week and instead of other presents, your parents promised to give you $2,900 in cash. Since you have a part- time job and, thus, don't need the cash immediately, you decide to invest the money in a bank CD that pays 8.20 percent, compounded quarterly, for the next two years. How much money can you expect to earn in this period of time? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.) Value of investment after 2 years $ eTextbook and Media Save for Later Attempts: O of 3 used Using multiple attempts will impact your score. 50% score reduction after attempt 2 Submit Answer