Question
On Melissa's 6th birthday, she gets a $4000 CD that earns 5% interest,compounded semiannually. If the CD matures on her 12th birthday, how muchmoney will
On Melissa's 6th birthday, she gets a $4000 CD that earns 5% interest,compounded semiannually. If the CD matures on her 12th birthday, how muchmoney will be available?The amount available will be(Simplify your answer. Round to the nearest cent.)
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Precalculus Mathematics For Calculus
Authors: David M Kennedy, James Stewart, Lothar Redlin, Saleem Watson
6th Edition
1133715044, 9781133715047
