How long will it take for the account to be worth, Accounting Basics

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How long will it take for the account to be worth

Problem

Continuous compound interest. Provident Bank also offers a 3-year CD that earns 1.64% compounded continuously. (i) If $10,000 is invested in this CD, how much will it be worth in 3 years? (ii) How long will it take for the account to be worth $11,000?

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Accounting Basics: How long will it take for the account to be worth

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