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10 January, 15:28

Suppose you invest $1600 at an annual interest rate of 4.6% compounded continuously. Using the formula A (t) = P*e^rt, how much will you have in the account after 4 years

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  1. 10 January, 16:26
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    Just fill in the given data and evaluate the expression:

    A = $1600*e^ (0.046*4) = $1923.23 (rounded up to the nearest cent)
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