Jerry N.

asked • 03/15/21

​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?

​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.)

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