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Find the present value of the franchise

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Reference no: EM131637241

Question: FRANCHISES Camille purchased a 15-yr franchise for a computer outlet store that is expected to generate income at the rate of

R(t) = 400,000

Dollars/year. If the prevailing interest rate is 10%/year compounded continuously, find the present value of the franchise.

Reference no: EM131637241

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