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 $7000 deposit in an account with an APR of 4.2%
The balance in the account after 1 year is approximately s
(Round to the nearest cent as needed.)
The balance in the account after 5 years is approximately $
(Round to the nearest cent as needed.)
Thn holanrn in the account oftar en nare is annrovimota el
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