Tracy purchased a 15-year franchise for a computer outlet store that is expected to generate income at the rate of dollars/year. If the prevailing interest rate is 10% / year compounded continuously, find the present value of the franchise. (Hint: Use the formula of the present value .) Please round the answer to the nearest cent.
$__________

Question

Tracy purchased a 15-year franchise for a computer outlet store that is expected to generate income at the rate of  dollars/year. If the prevailing interest rate is 10% / year compounded continuously, find the present value of the franchise. (Hint: Use the formula of the present value  .) Please round the answer to the nearest cent.
$__________

Quizplus · Accepted Answer

The Answer of Tracy purchased a 15-year franchise for a computer outlet store that is expected to generate income at the rate of  dollars/year. If the prevailing interest rate is 10% / year compounded continuously, find the present value of the franchise. (Hint: Use the formula of the present value  .) Please round the answer to the nearest cent.
$__________

Tracy Purchased a 15-Year Franchise for a Computer Outlet Store