SOLUTION: On​ Melissa's 6th​ birthday, she gets a ​$500 CD that earns ​5% ​interest, compounded . If the CD matures on her 16th ​birthday, how much money will be​ available?

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Question 1201784: On​ Melissa's 6th​ birthday, she gets a ​$500 CD that earns ​5% ​interest, compounded . If the CD matures on her 16th ​birthday, how much money will be​ available?
Answer by Alan3354(69443) About Me  (Show Source):
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On​ Melissa's 6th​ birthday, she gets a ​$500 CD that earns ​5% ​interest, compounded . If the CD matures on her 16th ​birthday, how much money will be​ available?
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The compounding period must be given.