Question: This test: 95 point(s) possible Question 1 0f 19 This question: 5 point(s) possible l Recently, a certain bank offered a 5-year CD that earns

This test: 95 point(s) possible Question 1 0f 19 This question:

This test: 95 point(s) possible Question 1 0f 19 This question: 5 point(s) possible l Recently, a certain bank offered a 5-year CD that earns 2.26% compounded continuously. l Use the given information to answer the questions. ll W\\ ' l: _ (a) If $10,000 is invested in this CD, how much will it be worth in 5 years? approximately $D (Round to the nearest cent.) l j (b) How long will it take for the account to be worth $25,000? l approximately El years (Round to two decimal places as needed.)

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