Question
To help pay for a class trip at the end of their senior year, the sophomore class at a high school invests $1800 from fund-raisers
To help pay for a class trip at the end of their senior year, the sophomore class at a high school invests $1800 from fund-raisers in a 30-month CD paying 2.8% interest compounded monthly. Determine the amount the class will receive when it cashes in the CD after 30 months.
The sophomore class will receive?$ when it cashes in the CD.
(Round to the nearest cent as needed.)
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Montgomery Auditing Continuing Professional Education
Authors: Patrick J. McDonnell, Barry N. Winograd, James S. Gerson, Henry R. Jaenicke, Vincent M. O'Reilly
12th Edition
0471346055, 978-0471346050
