Mathematics, 29.04.2021 18:40 smmailloux2335
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 $8000 deposit in an account with an APR of 3.5%
1. The balance in the account after 1 year is approximately (Round to the nearest cent as needed.)
2. The balance in the account after 5 years is approximately (Round to the nearest cent as needed.)
3. The balance in the account after 20 years is approximately (Round to the nearest cent as needed.)
4. The APY for the account is approximately (Round to decimal places as needed)
Answers: 1
Mathematics, 21.06.2019 22:20
1. 2. ∠b and ∠y are right angles. 3.? 4.? which two statements are missing in steps 3 and 4? ∠x ≅ ∠c △abc ~ △zyx by the sas similarity theorem. ∠b ≅ ∠y △abc ~ △zyx by the sas similarity theorem. = 2 △abc ~ △zyx by the sss similarity theorem. = 2 △abc ~ △zyx by the sss similarity theorem.
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Mathematics, 21.06.2019 23:40
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