An initial amount of $1400 is invested in an account at an interest rate of 4.5% per year, compounded continuously. Assuming that no withdrawals are made, find the amount in the account after seven years. Do not round any intermediate computations, and round your answer to the nearest cent.

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.