Homework: section 4b
math
score: 0 of 1 pt
3 of 10 (2 complete)
instructor-created question
ome
use the formula for continuous compounding to compute the balance in the account after 1.5, and 20 years
a $12.000 deposit in an account with an apr of 3.5%
ants
lok
the balance in the account after 1 year is approximately $12420
(round to the nearest cent as needed)
the balance in the account after 5 years is approximately $14100
(round to the nearest cent as needed)
se options
the balance in the account after 20 years is approximately 52
(round to the nearest cent as needed)