To help pay for a class trip at the end of their senior​ year, the junior class at a high school invests$1700 from fund raisers in an 18mth cd paying 4.9% interest compounded monthly. Determine the amount the class will receive when it cashes the cd after 18 mths ​

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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To help pay for a class trip at the end of their senior​ year, the junior class at a high school invests$1700 from fund raisers in an 18mth cd paying 4.9% interest compounded monthly. Determine the amount the class will receive when it cashes the cd after 18 mths

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