Question: The management of a national pizza chain is selling a 6 year franchise to operate its newest outlet. Experience in similar localities suggests that \(t\) years from now the franchise will be generating profit at the rate of \(f(t)=10000+500t\) dollars per year. The prevailing rate of interest remains fixed during the next 6 years at 6% compounded continuously. What is the present value of the franchise?
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