Tracy Purchased a 15-Year Franchise for a Computer Outlet Store

question 201

Multiple Choice

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)$620,883.01
• B)$709,580.59
• C)$745,059.62
• D)$931,324.52
• E)$558,794.71

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Definitions:

Likely Products

The most probable substances formed as the outcome of a chemical reaction, based on reactants and conditions.

Predominate Product

The product in a chemical reaction that is formed in greater quantity compared to any other products, often due to its more favorable energy state or kinetic pathway.

Unsaturation Number

A measure of the degree of unsaturation (number of double or triple bonds, including rings) present in an organic molecule.

Molecular Formula

The representation of a compound showing the types and numbers of atoms present in the simplest ratio.