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

Question 76

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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. A) $589,808.22 B) $884,712.33 C) $530,827.40 D) $471,846.58 E) $674,066.54 ​
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. A) $589,808.22 B) $884,712.33 C) $530,827.40 D) $471,846.58 E) $674,066.54 .) Please round the answer to the nearest cent.


A) $589,808.22
B) $884,712.33
C) $530,827.40
D) $471,846.58
E) $674,066.54

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