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A Firm Purchased a 16-Year Franchise for a Computer Outlet

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A firm purchased a 16-year franchise for a computer outlet store that is expected to generate income at the rate of A firm purchased a 16-year franchise for a computer outlet store that is expected to generate income at the rate of   dollars per year. If the prevailing interest rate is 10% per year compounded continuously, find the present value of the franchise. A)  $1,114,979 B)  $2,250,532 C)  $4,660,006 D)  $3,192,414 E)  $1,756,632 dollars per year. If the prevailing interest rate is 10% per year compounded continuously, find the present value of the franchise.


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