Mathematics, 22.06.2020 00:57, shayshay4352

Use the formula for continuous compounding to compute the balance in the account after 1, 5, and 20 years. Also, find the APY for the account. $16,00 deposit in an account with an APR of 4.75%. The balance in the account after 1 year is approximately. The Balance after 5yr Approx and 20 Year approx?

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Use the formula for continuous compounding to compute the balance in the account after 1, 5, and 20...