Question: Recently, a certain bank offered a 10-year CD that eams 5.53% compounded continuously. Use the given information to answer the questions. (a) If $40,000 is

Recently, a certain bank offered a 10-year CD that eams 5.53%

Recently, a certain bank offered a 10-year CD that eams 5.53% 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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