Use the formula for continuous compounding to compute the balance in the account after 1, 5, and 20 years. Aso, find the APY for the account A $7000 deposit in an account with an APR of 4.5% The balance in the account aftec 1 year is approximately $ (Cuund t, the ne yrest cent as needed) The balance in the account after 5 years is approximately 5 (Round to the nearest cent as needed.) The balance in the account after 20 years is approximately 5 (Round to the nearest cent as needed) The APY for the account is approximately (Round to two decimal places as needed.)