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.

?

$__________



Fill in the blank(s) with the appropriate word(s).


627,454.35

Mathematics

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