Math 140
posted by Pamela on .
To help pay for a class trip at the end of the senior year, the junior class at a high school invests $1800 from a fundraiser in a 18month CD paying 2.6% interest compound monthly. Determine the amount the class will receive when it cashes in the CD after 18 months.

FV=1800(1+.026/12)^18=1871.51