Question: To help pay for a class trip at the end of their senior year, the junior class at a high school invests $1600 from fund-raisers

To help pay for a class trip at the end of their senior year, the junior class at a high school invests $1600 from fund-raisers in a 18-month CD paying 33% interest compounded monthly Determine the amount the class will receive when it cashes in the CD after 18 months The junior class will receive when it cashes in the CD (Round to the nearest cent as needed)

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