Question: To help pay for a class trip at the end of their senior year, the junior class at a high school imests $1600 from fundraisers

To help pay for a class trip at the end of their senior year, the junior class at a high school imests $1600 from fundraisers in a 18-month CD paying 25% interest compounded monthly Determine the amount the class will receive when it cashes in the CD after 18 months. The junior class will recens when it conhos in the CD Ked (Round to the nearest cant as needed.) SCO

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