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 *
<span>
<span>
<span>
1.2020158231
</span>
</span>
</span>
Total =
<span>
<span>
<span>
1,923.23</span></span>
</span>
Source:
http://www.1728.org/rate2.htm
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