kyle has $1,700 in cash received for high school graduation gifts from various relatives. He wants to invest it in a certificate of deposit(CD) so that he will have a down payment on a car when he graduates from college in five years. His bank will pay 5% peryear, compoundedannually, for thefive-year CD. How much will Kyle have in five years to put down on hiscar?

In fiveyears, the amount Kyle will have to put down on his car is $