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

Question 239

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Tracy purchased a 15-year franchise for a computer outlet store that is expected to generate income at the rate 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. $__________ 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 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. $__________ .) Please round the answer to the nearest cent.
$__________

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