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Part 1

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.

A ​$20 comma 000 deposit in an account with an APR of 4.75​%.Question content area bottomPart 1The balance in the account after 1 year is approximately ​$

  

enter your response here.

​(Round to the nearest cent as​ needed.)

asked by guest
on Sep 21, 2024 at 7:51 am



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