SOLUTION: Suppose you invest $1600 at an annual interest rate of 4.6% compounded continuously. How much will you have in the account after 4 years?

SOLUTION: Suppose you invest $1600 at an annual interest rate of 4.6% compounded continuously. How much will you have in the account after 4 years?

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Question 252273: Suppose you invest $1600 at an annual interest rate of 4.6% compounded continuously. How much will you have in the account after 4 years?

Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=Pe^rt
A=1600*2.7183^.046*4
A=1600*1.2
A=$1923.23
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