Recently, 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.)

Question

​Recently, 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. · Accepted Answer

A(5) = 20000e(5)(0.043)Can you compute and answer?

Recently, 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?

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​Recently, 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?