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Continuous Compound Interest I Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously. Use this information to answer questions 1-2 below. D Question
Continuous Compound Interest I Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously. Use this information to answer questions 1-2 below. D Question 1 8 pts Use the Continuous Compound Interest I information above to answer this question. If $14.448 is is invested in this CD. how much will it be worth at maturity in 10 years? Round to the nearest cent. S D Question 2 7 pts Use the Continuous Compound Interest I information above to answer this question. If $10.000 is invested in this CD, how long will it take for the account to be worth $11,127? Round to the nearest tenth of a year. years nts D Question 3 7 pts Resale Value The estimated resale value R (in dollars) of a company car after t years is given by erials R(t) = 20,486 (0.765). What is the rate of depreciation (in dollars per year) after 5 years? Round to the nearest deo cent. The car is depreciating at $ per year. NOTE: The rate of depreciation is |R'(t)|. Your answer should be positive
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