Use the formula for continuous compounding to compute the balance in the account after1, 5, and 20

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Use the formula for continuous compounding to compute the balance in the account after1, 5, and 20 years.Also, find the APY for the account.

A $4000 deposit in an account with an APR of 3.4

balance at 1, 5 & 20 please plus the APY of the account?

Posted Date: Jun 10, 2024 07:42 AM

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Use the formula for continuous compounding to compute the balance in the account after1, 5, and 20

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