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fRecently, a certain bank offered a 5year CD that earns 2.68% compounded continuously. Use the given information to answer the questions. E> (a) If $30,000
\fRecently, a certain bank offered a 5year CD that earns 2.68% compounded continuously. Use the given information to answer the questions. E> (a) If $30,000 is invested in this CD, how much will it be worth in 5 years? approximately $D (Round to the nearest cent.) (b) How long will it take for the account to be worth $75,000? approximately |:| years (Round to two decimal places as needed.) \fHow many years are required for an investment to double in value if it is appreciating at the rate of 11% compounded continuously? E> At 11% compounded continuously. the investment doubles in El years. (Round to one decimal place as needed.) The salvage value S (in dollars) of a company jet after t years is estimated to be given by the formula below. Use the formula to answer the que S(t) = 300,000(0.8)t E} What is the rate of depreciation (in dollars per year) after 1 year? $|:| per year (Do not round until the nal answer. Then round to the nearest cent as needed.) What is the rate of depreciation (in dollars per year) after 10 years? $|:| per year (Do not round until the nal answer. Then round to the nearest cent as needed.) What is the rate of depreciation (in dollars per year) after 15 years? $|:| per year (Do not round until the nal answer. Then round to the nearest cent as needed.)
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