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) $497,425.35
B) $402,311.19
C) $466,118.00
D) $485,271.13
E) $478,639.54
Correct Answer:
Verified
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