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Question: use the formula for continuous compounding to compute the balance...

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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 $16,000 deposit in an acount with an APR of 2.5%. The balance in the account after 1 year is approximately s Round to the nearest cent as needed.) The balance in the account after 5 years is approximately s Round to the nearest cent as needed.) The balance in the account after 20 years is approximately $ Round to the nearest cent as needed.) The APY for the account is approximately (Round to two decimal places as needed)
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