A recent high school graduate received 600 in gifts of cash

Last updated: 1/24/2024

A recent high school graduate received 600 in gifts of cash from friends and relatives In addition he receive three scholarships in the amounts of 450 500 and 1100 If he takes all his gift and scholarship money and invests it in a 24 month CD paying 3 interest compounded daily how much will the graduate have when he cashes in the CD at the end of the 24 months The graduate will have when he cashes in the CD Round to the nearest cent as needed