Question 1026138

Find the amount in an account where $1100 is invested at 4% compounded continuously for a period of 6 years
<pre>Use the continuous compounding formula: {{{highlight_green(A = Pe^(rt))}}}, where:
A = accumulated, or future value, after t years
P = initial amount invested
e = 2.7182818......
You should get an accumulated or future value of: {{{highlight_green(matrix(1,1, "$1,398.37"))}}}