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OpenStudy (anonymous):
suppose you invest $1600 at an annual rate of 4.6% compounded continuously. How much will you have in the account after 4 years?
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OpenStudy (anonymous):
$1,894.40
OpenStudy (anonymous):
I=PRT P = 1,600 R =0.046 T = 4 1,600 * 0.046 * 4 = 73.6 * 4 = 294.4 The answer is 294.4 ;)
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