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Math Help - discrete math help please

  1. #1
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    discrete math help please

    Suppose you invest $1600 at an annual intrest rate of 4.6% compounded continuously.How much will you have in the account after 4 years?
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  2. #2
    Member TheMasterMind's Avatar
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    Quote Originally Posted by racerfreak05 View Post
    Suppose you invest $1600 at an annual intrest rate of 4.6% compounded continuously.How much will you have in the account after 4 years?
    A=P(1+\frac{r}{k})^{kt}

    if my memory is correct
    p=principal(1600)
    r=decimal(0.46)
    k=number of times compounded annually(1)
    t=number of years(4)
    A=amount after time(?)
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