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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

1, 5,

and

20

years. Also, find the APY for the account. A $

14, 000

deposit in an account with an APR of

2.5 % .

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