A person places $4760 in an investment account earning an annual rate of 1.6%, compounded continuously. Using the formula V=PertV = Pe^{rt}V=Pert, 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 7 years.