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Posted by on Wednesday, July 17, 2013 at 7:10pm.

Camille purchased a 10-yr franchise for a computer outlet store that is expected to generate income at the following rate measured in dollars/year.
R(t) = 400,000
If the prevailing interest rate is 10%/year compounded continuously, find the present value of the franchise. (Round your answer to the nearest whole number.)

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