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Your birthday is next week and instead of other presents, your parents promised to give you $ 1 , 2 0 0 in cash. Since
Your birthday is next week and instead of other presents, your parents promised to give you $ in cash. Since you have a parttime
job and, thus, don't need the cash immediately, you decide to invest the money in a bank CD that pays percent, compounded
quarterly, for the next two years. How much money can you expect to earn in this period of time? Round intermediate calculations to
decimal places, eg and final answer to decimal places, eg
Expect to earn $
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