Money is transferred continuously into an account at the constant rate of $1,600 per year. Assume the account earns interest at the annual rate of 5% compounded continuously. Compute the future value of the income stream over a 16 year period.

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The Answer of Money is transferred continuously into an account at the constant rate of $1,600 per year. Assume the account earns interest at the annual rate of 5% compounded continuously. Compute the future value of the income stream over a 16 year period.

Money Is Transferred Continuously into an Account at the Constant