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On Melissa's 6th birthday, she gets a $6000 CD that earns 7% interest, compounded quarterly. If the CD matures on her 13th birthday, how
On Melissa's 6th birthday, she gets a $6000 CD that earns 7% interest, compounded quarterly. If the CD matures on her 13th birthday, how much money will be available?
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First we need to calculate the number of quarters between Mellisas 6th an...
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