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A Firm Purchased a 11-Year Franchise for a Computer Outlet

Question 26

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A firm purchased a 11-year franchise for a computer outlet store that is expected to generate income at the rate of A firm purchased a 11-year franchise for a computer outlet store that is expected to generate income at the rate of dollars per year.If the prevailing interest rate is 9% per year compounded continuously, find the present value of the franchise.Please round the answer to the nearest dollar. $__________ dollars per year.If the prevailing interest rate is 9% per year compounded continuously, find the present value of the franchise.Please round the answer to the nearest dollar.
$__________

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