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8090 [49]
3 years ago
10

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

ill you have in the account after 4 years
Mathematics
1 answer:
artcher [175]3 years ago
8 0
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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