11. to help pay for new costumes for a play, a theater invests $1900 in a 42-month Cd paying 3.6% interest compounded monthly. Determine the amount the theater will receive when it cashes in the CD after 42 months.

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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11. to help pay for new costumes for a play, a theater invests $1900 in a 42-month Cd paying 3.6% interest compounded monthly. Determine the amount the theater will receive when it cashes in the CD after 42 months.
To help pay for new costumes for a play, a theater invests $1900 in a 42-month CD paying 3.6% inter
The theater will receive $ when it cashes in the CD.
(Round to the nearest cent as needed.)
Transcribed Image Text:To help pay for new costumes for a play, a theater invests $1900 in a 42-month CD paying 3.6% inter The theater will receive $ when it cashes in the CD. (Round to the nearest cent as needed.)
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