Question 972866
<font face="Times New Roman" size="+2">


*[tex \LARGE \ \ \ \ \ \ \ \ \ \ A\ =\ Pe^{rt}]


Where *[tex \Large A] is the future value, *[tex \Large P] is the present value, *[tex \Large e] is Euler's number (the base of the natural logarithms, approx 2.718), *[tex \Large r] is the interest rate expressed as a decimal, and *[tex \Large t] is the number of years]


For this problem *[tex \Large P\ =\ 1600], *[tex \Large r\ =\ 0.065], and *[tex \Large t\ =\ 6].  Plug in the numbers and get to punching buttons on your calculator.


John
*[tex \LARGE e^{i\pi}\ +\ 1\ =\ 0]
My calculator said it, I believe it, that settles it

*[tex \Large \ \
*[tex \LARGE \ \ \ \ \ \ \ \ \ \