To help pay for a class trip at the end of their senior year, the

junior

class at a high school invests

$1200

from fund-raisers in a

18-month

CD paying

4.7%

interest compounded

monthlymonthly.

Determine the amount the class will receive when it cashes in the CD after

18

months.

The

juniorjunior

class will receive

$nothing

when it cashes in the CD.

(Round to the nearest cent as needed.)