Use the formula for continuous compounding to compute the balance in the account after 1, 5, and 20 years.? Also, find the APY f
or the account.a. $10, 000 deposit in an account with an APR of 4.5%?b. The balance in the account after 1 year is approximately?c. The balance in the account after 5 year is approximately?d. The balance in the account after 20 year is approximately?
1 answer:
You might be interested in