Mathematics, 31.03.2021 17:20 AlexRavenwood127

Demetri's parents begin saving for his college funds when he was 10 years old. They invest $5,000 in a CD that earns 1.2% interest compounded annually. What will the balance in the CD be when he turns 18?

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Demetri's parents begin saving for his college funds when he was 10 years old. They invest $5,000 in a CD that earns 1.2% interest compounded annually. What will the balance in the CD be when he turns 18?​

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Demetri's parents begin saving for his college funds when he was 10 years old. They invest $5,000 in a CD that earns 1.2% interest compounded annually. What will the balance in the CD be when he turns 18?