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Mr. Rhodes has been granted a 30 year franchise to sell Lemon Shakes at the Nevada State Fair. The franchise earns $4,000 per year. Mr.

Mr. Rhodes has been granted a 30 year franchise to sell Lemon Shakes at the Nevada State Fair. The franchise earns $4,000 per year. Mr. Rhodes plans to sell the franchise in 10 years. Assume r= 12% What can Mr. Rhodes sell the franchise for in 10 years (right after the Fair)?

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