Given:
There is a revenue of $16000
The revenue will be invested for 10 years with a rate of 5%, compounded continuously
So, P = 16000
t = 10 years, r = 0.05
We will use the following formula:
[tex]A=P*e^{rt}[/tex]
The exact value of the future will be as follows:
[tex]\begin{gathered} 16000e^{0.05*10} \\ =16000e^{0.5} \end{gathered}[/tex]
And future value (rounded to the nearest cent) = 26379.54
