Mathematics, 20.10.2020 21:01, invocx

1. Your high school freshman class had a total of $1200 from fund-raisers during the year. To help pay for a class trip at the end of your senior year, the class deposits the money into a 30-month CD
paying 5.6% interest compounded monthly.
a) Determine the amount the class will receive after 30 months.
I
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b) How much interest did the class earn on the investment?

Answers: 1

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1. Your high school freshman class had a total of $1200 from fund-raisers during the year. To help...