SOLUTION: on nia 6th birthday she gets a $3000 CD that earns 7% interest, compounded quarterly. If the CD matures on her 14th birthday, how much money will be available?

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Question 947513: on nia 6th birthday she gets a $3000 CD that earns 7% interest, compounded quarterly. If the CD matures on her 14th birthday, how much money will be available?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
FV=3000(1.0175)^(4*8)
FV=3000(1.382584)
FV=4147.75