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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 $11,115? 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 $11,115? Round to the nearest tenth of a year. years

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously.
Transcribed Image Text: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 $11,115? Round to the nearest tenth of a year. years
Transcribed Image Text:If $10,000 is invested in this CD, how long will it take for the account to be worth $11,115? Round to the nearest tenth of a year. years
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