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Problem 10

Camille purchased a \(15-\mathrm{yr}\) 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.

Expert verified

The present value of the 15-year franchise for a computer outlet store, with an income rate of $400,000/year and a continuously compounded interest rate of 10%, is approximately $3,507,600.

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