Question

Suppose you invest $1,600 at an annual interest rate of 4.6% compounded continuously how much will you have in the account after 4 years

Answer 1

Total = Principal * e^(rate*years)
where "e" is the mathematical constant 2.71828182828459
Total = 1,600 * e(.046*4)
Total = 1,600 * 2.71828182828459^(.184)
Total = 1,600 * 1.2020158231
Total = 1,923.23

Source:
http://www.1728.org/rate2.htm