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Sholpan [36]
2 years ago
5

On​ Melissa's 6th​ birthday, she gets a ​$3000 CD that earns 4​% ​interest, compounded . If the CD matures on her 16th ​birthday

, how much money will be​ available?
Mathematics
1 answer:
vfiekz [6]2 years ago
8 0

Answer:

Melissa will have $4,440.73 on her 16th birthday.

Step-by-step explanation:

Future value = 3000 * 1.04^{10} = 4,440.73

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