YeaImSyko YeaImSyko

28-11-2022
Mathematics

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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 $17,000 deposit in an account with an APR of 4.5%

The balance in the account after 1 year is approximately $____

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