Mathematics, 26.06.2020 15:01 tylorwsimmons

A person places $661 in an investment account earning an annual rate of 7.1\% , compounded continuously . Using the formula V = P * e ^ (rt) , where V is the value of the account in years, P is the principal initially invested , e is the base of a natural logarithm , and r is the rate of interest , determine the amount of money , to the nearest cent , in the account after 16 years .

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A person places $661 in an investment account earning an annual rate of 7.1\% , compounded continuou...