What is this contract worth at the end of year four

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JK Industries just signed a sales contract with a new customer. JK will receive annual payments in the amount of $62,000, $108,000, $135,000, and $150,000 at the end of Years 1 to 4, respectively. What is this contract worth at the end of Year 4 if the firm earns 4.3 percent on its savings?

A. $478,639.54

B. $497,425.35

C. $485,271.13

D. $402,311.19

E. $466,118.00

Reference no: EM131577407

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