Suppose that you invest $1583 in an account that earns interest at an APR of 6.7%, compounded continuously. Determine the accumulated balance after 6 years.
Future value (compounded continuously)
=Pert
=1583*e0.067*6
=1583*1.494811
=2366.29
=Pert
=1583*e0.067*6
=1583*1.494811
=2366.29