Jerry N.

asked • 03/16/21

​Recently, a certain bank offered a 10​-year CD that earns 11.1​% compounded continuously. Use the given information to answer the questions.

​Recently, a certain bank offered a 10​-year CD that earns 11.1​% compounded continuously.

Use the given information to answer the questions.


​(a) If $20,000 is invested in this​ CD, how much will it be worth in 10 ​years?

approximately ​$ __________ ​(Round to the nearest​ cent.)

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