Myron put $5000 in a 2-year cd playing 3% interest, compounded monthly. after 2 years, he withrew all his money. what was the amount of the withdrawal?

  $5308.79

Step-by-step explanation:

The future value can be computed from ...

  FV = P(1 +r/n)^(nt)

where P is the principal invested, r is the annual interest rate, n is the number of times per year it is compounded, and t is the number of years.

Filling in the given numbers, we have ...

  FV = $5000(1 +.03/12)^(12·2) ≈ $5308.79

Myron's withdrawal will be in the amount of $5308.79.