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9. Laine purchases a 10 year franchise for a health spa that is expected to generate income at the rate of $80,000/year. If the current

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9. Laine purchases a 10 year franchise for a health spa that is expected to generate income at the rate of $80,000/year. If the current interest rate is 10% compounded continuously, find the present value of the franchise. 10. Find the present value of an annuity if $800 is deposited monthly for 12 years into an account that pays 5% compounded continuously

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