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Business, 24.03.2021 21:50 Carlosruelas5409
You have just applied for a job contract at Zoom Company. This company will pay you $75 at the end of the first year, $225 at the end of the second year, and $300 at the end of the fourth year. Currently you have a saving account in the bank that pays you a rate of 8% compounded annually. What is the future value of such contract at the end of the fourth year? *
A) $1,000
B) $300
C) $657
D) $557
E) None of the above
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Answers: 1
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