
Mark M. answered 03/15/21
Mathematics Teacher - NCLB Highly Qualified
A(5) = 20000e(5)(0.043)
Can you compute and answer?
Jerry N.
asked 03/15/21Recently, a certain bank offered a 5-year CD that earns 2.43% compounded continuously.
(a) If $20,000 is invested in this CD, how much will it be worth in 5 years?
approximately $________ (Round to the nearest cent.)
Mark M. answered 03/15/21
Mathematics Teacher - NCLB Highly Qualified
A(5) = 20000e(5)(0.043)
Can you compute and answer?
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