Question: 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 after1,5, and 20 years. Also, find the
APY for the account. A $13000 deposit in an account with an APR of
2.5% The balance in the account after 1 year is approximately $
(Round to the nearest cent as needed.)

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