On Melissa 6 birthday she gets a $2000 cd that earns 4% interest, compounded semiannual. If the cd m

On Melissa 6 birthday she gets a $2000 cd that earns 4% interest, compounded semiannual. If the cd matures on her 16th birthday, how much money will be available?

Semiannual compounding means twice a year. With 16 - 6 = 10 years of compounding, we have:
10 x 2 = 20 semiannual periods.

Using our interest on balance calculator, we get:
$2,971.89