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

Question 122

Multiple Choice

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) $620,883.01 B) $709,580.59 C) $745,059.62 D) $931,324.52 E) $558,794.71 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) $620,883.01 B) $709,580.59 C) $745,059.62 D) $931,324.52 E) $558,794.71 .) Please round the answer to the nearest cent.


A) $620,883.01
B) $709,580.59
C) $745,059.62
D) $931,324.52
E) $558,794.71

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