Question: Recently, a certain bank offered a 10 -year CD that earns 2.78% compounded continuously. Use the given information to answer the questions. (a) If $40,000

Recently, a certain bank offered a 10 -year CD that earns 2.78% compounded continuously. Use the given information to answer the questions. (a) If $40,000 is invested in this CD, how much will it be worth in 10 years? approximately \$ (Round to the nearest cent) (b) How long will it take for the account to be worth $60,000 ? approximately years (Round to two decimal places as needed.)

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