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Use the formula for continuous compounding to compute the balance in the account after 1 , 5 , and 2 0 years. Also, find the
Use the formula for continuous compounding to compute the balance in the account after and years. Also, find the APY for the account.
A $ deposit in an account with an APR of
The balance in the account after year is approximately $
Round to the nearest cent as needed.
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