Short Answer
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.
$__________
Correct Answer:
Verified
Correct Answer:
Verified
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