Mathematics, 15.09.2021 01:50 korrinevbrulz2222
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 $1000 deposit in an account with an APR of 3.75%
The balance in the account after 1 year is approximately $
(Round to the nearest cent as needed.)
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Answers: 3
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Use the formula for continuous compounding to compute the balance in the account after 1, 5, and 20...
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