Class Trip To help pay for a class trip at the end of

Chapter 11, Problem 11.1.153

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Class Trip To help pay for a class trip at the end of their senior year, the sophomore class at Cortez High School invests $1500 from fund-raisers in a 30-month CD paying 3.9% interest compounded monthly. Determine the amount the class will receive when it cashes in the CD after 30 months.

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