Jesaki Bank offers a 10-year CD that earns 2.5% compounded continuously.

Use this information to answer questions 1-2 below.

Flag question: Question 1Question 15 pts

Use the Continuous Compound Interest information above to answer this question.

If $12,597 is is invested in this CD, how much will it be worth at maturity in 10 years? Round to the nearest cent.

$

Flag question: Question 2Question 25 pts

Use the Continuous Compound Interest 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 $11,578? Round to the nearest tenth of a year.

years