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Compute the present value of the franchise

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Reference no: EM131637615

Question: PRESENT VALUE OF A FRANCHISE Alicia purchased a 10-yr franchise for a health spa that is expected to generate income at the rate of

P(t) = 80,000

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

Reference no: EM131637615

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