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

Mathematics

You might also like to view...

Find a formula for the nth term of the sequence.0, , 0, , 0 (alternating 0's and 's)

A. an = 
B. an = 
C. an = 
D. an = 

Mathematics

Find the surface area of the surface S.S is the intersection of the plane 3x + 4y + 12z = 7 and the cylinder with sides y = 4x2 and y = 8 - 4x2.

A.
B.
C.
D.

Mathematics

Without graphing, answer the following questions for the linear system.(i) Is the system inconsistent, are the equations dependent, or neither?(ii) Is the graph a pair of intersecting lines, a pair of parallel lines, or one line?(iii) Does the system have one solution, no solution, or an infinite number of solutions?x + 2y = 0y = - x

A. (i) dependent (ii) one line (iii) infinite number of solutions B. (i) neither (ii) intersecting lines (iii) one solution C. (i) inconsistent (ii) parallel lines (iii) no solution

Mathematics

Determine whether the given equation is a rational function.f(x) = 

A. Yes B. No

Mathematics