McDonalds Corporation licenses and operates over 30,000 fast-food restaurants throughout the world. Between 2005 and 2008, McDonalds

Question:

McDonald’s Corporation licenses and operates over 30,000 fast-food restaurants throughout the world. Between 2005 and 2008, McDonald’s generated revenue at continuous rates between 17.9 and 22.8 billion dollars per year. Suppose that McDonald’s rate of revenue stays within this range. Use an interest rate of 4.5% per year compounded continuously. Fill in the blanks:

(a) The present value of McDonald’s revenue over a five year time period is between ________ and______ billion dollars.
(b) The present value of McDonald’s revenue over a twenty-five-year time period is between ______ and ____ billion dollars.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

Question Posted: