Assume a 6-year franchise is expected to generate profit at the rate of $\sqrt [ 3 ] { t ^ { 2 } + 19,000 }$ dollars per year.If,over the next 6 years,the prevailing annual interest rate remains fixed at 7%,compounded continuously,what is the present value of the franchise? Use Simpson's rule with n = 6 to approximate the integral.Round your answer to two decimal places.
A)$1,123.47
B)$561.73
C)$374.49
D)$337.04

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The Answer of Assume a 6-year franchise is expected to generate profit at the rate of $\sqrt [ 3 ] { t ^ { 2 } + 19,000 }$ dollars per year.If,over the next 6 years,the prevailing annual interest rate remains fixed at 7%,compounded continuously,what is the present value of the franchise? Use Simpson's rule with n = 6 to approximate the integral.Round your answer to two decimal places.
A)$1,123.47
B)$561.73
C)$374.49
D)$337.04

Assume a 6-Year Franchise Is Expected to Generate Profit at the Rate