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Continuous Compound Interest Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously. Answer the following questions about this account. 1. Continuous Compound Interest

Continuous Compound Interest

Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously.

Answer the following questions about this account.

1. Continuous Compound Interest

Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously.

Answer the following questions about this account.

2. If $10,000 is invested in this CD, how long will it take for the account to be worth $11,944? Round to the nearest tenth of a year.

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