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A Firm Purchased a 15-Year Franchise for a Computer Outlet

Question 133

Multiple Choice

A firm purchased a 15-year franchise for a computer outlet store that is expected to generate income at the rate of ​ A firm purchased a 15-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. ​ A) $3,264,095 B) $4,938,398 C) $3,619,817 D) $2,240,764 E) $5,973,418 ​
Dollars per year. If the prevailing interest rate is 9% per year compounded continuously, find the present value of the franchise.
​


A) $3,264,095
B) $4,938,398
C) $3,619,817
D) $2,240,764
E) $5,973,418

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