A firm purchased a 10-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 10% per year compounded continuously, find the present value of the franchise. Please round the answer to the nearest dollar.

$__________

Question

A firm purchased a 10-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 10% per year compounded continuously, find the present value of the franchise. Please round the answer to the nearest dollar.
​
$__________

Quizplus · Accepted Answer

The Answer of A firm purchased a 10-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 10% per year compounded continuously, find the present value of the franchise. Please round the answer to the nearest dollar.
​
$__________

A Firm Purchased a 10-Year Franchise for a Computer Outlet