Recently, a certain bank offered a 5-year CD that earns 2.28% 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 5 years?
approximately $(Round to the nearest cent.)
(b) How long will it take for the account to be worth $50,000?
approximately
years (Round to two decimal places as needed.)
