Mathematics, 16.04.2020 22:08 Calirose

A person places $661 in an investment account earning an annual rate of 7.1%, compounded continuously. Using the formula V = Pe^{rt}V=Pe
rt
, where V is the value of the account in t 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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