Question: To help pay for a class trip at the end of their senioryear, the freshman class at a high school invests $ 1600 f romfund-raisers

To help pay for a class trip at the end of their senioryear, the freshman class at a high school invests $1600 fromfund-raisers in a 42-month CD paying 3.4% interest compounded monthly. Determine the amount the class will receive when it cashes in the CD after 42 months.

The freshman class will receive $ when it cashes in the CD.

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