Question: Recently, a certain bank offered a 5 - year CD that earns 2 . 5 2 % compounded continuously. Use the given information to answer
Recently, a certain bank offered a year CD that earns compounded continuously.
Use the given information to answer the questions.
a If $ is invested in this how much will it be worth in years?
approximately $
Round to the nearest cent.
b How long will it take for the account to be worth $
approximately years Round to two decimal places as needed.
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