(Solved): Use the formula for continuous compounding to compute the balance in the account after 1,5 , and 20 ...

Use the formula for continuous compounding to compute the balance in the account after 1,5 , and 20 years. Also, find the APY for the account. A \( \$ 19,000 \) deposit in an account with an APR of \( 3.75 \% \). The balance in the account after 1 year is approximately \$ (Round to the nearest cent as needed.) The balance in the account after 5 years is approximately \( \$ \) (Round to the nearest cent as needed.) The balance in the account after 20 years is approximately \( \$ \) (Round to the nearest cent as needed.) The APY for the account is approximately \( \% \) (Round to two decimal places as needed.)