Continuous Compound Interest Jesaki Bank Offers A 10 Year Cd That Earns 2 5 Compounded Continuously Use This Informati 1 (40.97 KiB) Viewed 11 times
Continuous Compound Interest Jesaki Bank offers a 10-year CD that earns 2.5% compounded continuously. Use this information to answer questions 1-2 below. Question 1 5 pts Use the Continuous Compound Interest information above to answer this question. If $13,588 is is invested in this CD, how much will it be worth at maturity in 10 years? Round to the nearest cent. $
Question 2 5 pts Use the Continuous Compound Interest information above to answer this question. If $10,000 is invested in this CD, how long will it take for the account to be worth $11,405? Round to the nearest tenth of a year. years
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