If $1,400 is invested in a savings account offering interest at a rate of 4.5% per year, compounded continuously, how fast is the balance growing after 4 years? (Round your answer to the nearest cent.)
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LET THE AMT=a
i.e. AMT AFTER 4 YRS=(1400)(1045/1000)(1045/1000)(1045/1000)(1045/1000)=1669.53=1670
i.e. AMT AFTER 4 YRS=(1400)(1045/1000)(1045/1000)(1045/1000)(1045/1000)=1669.53=1670
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