the formula for continuous compounding to compute the balance in the account after 1, 5, and 20 years. Also, the APY for the account. A $6000 deposit in an account with an APR of 3.4%. balance in the account after 1 year is approximately $ and to the nearest cent as needed.)

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 48CR
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the formula for continuous compounding to compute the balance in the account after 1, 5, and 20 years. Also,
the APY for the account.
A $6000 deposit in an account with an APR of 3.4%.
balance in the account after 1 year is approximately $
and to the nearest cent as needed.)
Transcribed Image Text:the formula for continuous compounding to compute the balance in the account after 1, 5, and 20 years. Also, the APY for the account. A $6000 deposit in an account with an APR of 3.4%. balance in the account after 1 year is approximately $ and to the nearest cent as needed.)
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