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
Answer: A
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A.
B.
C.
D.
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