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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?

Respuesta :

Answer:

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

Step-by-step explanation:

Future value [tex]= 3000 * 1.04^{10} = 4,440.73[/tex]

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