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To help pay for new costumes for a play, a theater invests $1100 in a...

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Basic Math

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To help pay for new costumes for a play, a theater invests $1100 in a 42-month CD paying 2.5% interest compounded monthly. Determine the amount the theater will receive when it cashes in the CD after 42 months.The theater will receive $ when it cashes in the CD.(Round to the nearest cent as needed.)

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