Statistics homework help

Can you please help me find the balance in this account after 1, 5, and 20 years using the continuous compound in formula. Also, the APY for the account. I don’t understand continuous compounding very well. Thank you.. B . 77* = Question HelpUse the formula for continuous compounding to compute the balance in the account after 1 , 5 , and 20 years . Also , find the ARY’ for the account .A $8000 deposit in an account with an APR. Of 3. 6%The balance in the account after 7 year is approximately $ \|Round to the nearest cent as needed . )

%d bloggers like this: