Question: To help pay for a class trip at the end of their senioryear, the freshman freshman class at a high school invests $ 1400 1400

To help pay for a class trip at the end of their senioryear, the freshman

freshman class at a high school invests $1400

1400 fromfund-raisers in a 42

42-month CD paying 2.5

2.5% interest compounded monthly

monthly. Determine the amount the class will receive when it cashes in the CD after 42

42 months.

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