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Recently, a certain bank offered a 5-year CD that earns 2.59% compounded continuously. Use the given information to answer the questions. Question content area bottom
Recently, a certain bank offered a
5-year
CD that earns
2.59%
compounded continuously.
Use the given information to answer the questions.
Question content area bottom
Part 1
(a) If
$20,000
is invested in this CD, how much will it be worth in
5
years?
approximately
$enter your response here
(Round to the nearest cent.)
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