Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously. If $11,519 is is invested in this CD, how much will it be worth at maturity in 10 years? Round to the nearest cent. $

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously.
Transcribed Image Text:Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously.
If $11,519 is is invested in this CD, how much will it be worth at maturity in 10 years? Round
to the nearest cent.
$
Transcribed Image Text:If $11,519 is is invested in this CD, how much will it be worth at maturity in 10 years? Round to the nearest cent. $
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