Thursday, July 21, 2011

Calc HELP! Present Value integrals?

The management of a national chain of fast-food outlets is selling a 10-year franchise in Cleveland, Ohio. Past experience in similar localities suggests that t years from now the franchise will be generating profit at the rate of f(t) = 37200 dollars per year. If the prevailing annual interest rate remains fixed at 9 percent compounded continuously, what is the present value of the franchise?

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