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.

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.

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.

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