Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously. If $10,000 is invested in this CD, how long will it take for the account to be worth $11,154? Round to the nearest tenth of a year. years
Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously. If $10,000 is invested in this CD, how long will it take for the account to be worth $11,154? Round to the nearest tenth of a year. years
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter5: Exponential And Logarithmic Functions
Section5.1: Exponential Functions And Their Graphs
Problem 5SC
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Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously.
If $10,000 is invested in this CD, how long will it take for the account to be worth $11,154? Round to the nearest tenth of a year.
years
thanks
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