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To help pay for new costumes for a play a theater invests 1600 in a 30 month CD paying 2 3 interest compounded monthly Determine

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To help pay for new costumes for a play a theater invests 1600 in a 30 month CD paying 2 3 interest compounded monthly Determine the amour receive when it cashes in the CD after 30 months The theater will receive Round to the nearest cent as needed when it cashes in the CD

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