Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. recently, a certain bank offered a 10-year cd that

Recently, a certain bank offered a 10-year CD that earns 2.52% compounded continuously.Use the given...

70.2K

Verified Solution

Question

Basic Math

image

Recently, a certain bank offered a 10-year CD that earns 2.52% compounded continuously.Use the given information to answer the questions.(a) If $20,000 is invested in this CD, how much will it be worth in 10 years?approximately $ (Round to the nearest cent.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

Print Assessment function h given by h x f x using BLUE marker given by...

Basic Math
1.2K views

A corporation must appoint a president a chief executive officer chief operating officer and chief financial officer....

Accounting
1.2K views

eBookCalculator Effect of Proposals on Divisional Performance A condensed income statement for the Jet Ski Division...

Basic Math
1.2K views

Use this for questions 21 22 Yawaka manufactures motorcycles and bicycles To stay in business...

Algebra
1.2K views

14 Solve for x in the equation by graphing 28 Find the solution algebraically to...

Algebra
1.2K views

Find the average rate of change of f(x)=x+2 over each of the following intervals.(a) From-1...

Accounting
1.2K views

Since 1970, Super Rise, Incorporated, has provided maintenance services for elevators. On January 1,2024, Super...

Accounting
1.2K views

Question 5: Given the cost formula Y-$12,000 +S6X, what is the total cost at an...

Finance
1.2K views

Your roommate is looking for a new car and evaluating two different options. One is...

Finance
1.2K views

which of the following factors would be most likely to lead to an increase in...

Accounting
1.2K views

On January 1, Year 1. Weller Company issued bonds with a $425,000 face value, a...

Accounting
1.2K views

Hightops balance sheet of 30 June 2018 shows a motor vehicle at a cost price...