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Business, 27.12.2019 04:31 Kjcampbell2

Suppose $3800 is deposited in a savings account that increases exponentially. determine the apy if the account increases to $4940 in 5 years. assume the interest rate remains constant and no additional deposits or withdrawals are made. let p be the apy. note that if the initial balance is y 0 , one year later the balance is p% more.

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