Knight Reyes
01/21/2024 · Junior High School
On Melissa's 6 th birthday, she gets a \( \$ 4000 \mathrm{CD} \) that earns \( 7 \% \) interest, compounded semiannually. If the CD matures on her 12 th birthday, Ihow much money will be available?
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The amount of money available when Melissa's CD matures is approximately \$5963.30.
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