Question:

On Melissa's 6th birthday, she gets a $3000 CD that earns 3%

Last updated: 8/7/2022

On Melissa's 6th birthday, she gets a $3000 CD that earns 3%

On Melissa's 6th birthday, she gets a $3000 CD that earns 3% interest, compounded quarterly. If the CD matures on her 16th birthday, how much money will be available?