T

On Melissa’s 6th birthday, she gets a $2000 CD that earns 5% interest, compounded semiannually. If the

CD matures on her 16th birthday, how much money will be available?

TE

$

(S

T

On Melissa’s 6th birthday, she gets a $2000 CD that earns 5% interest, compounded semiannually. If the

CD matures on her 16th birthday, how much money will be available?

TE

$

(S