Future

value.

The Portland Stallions professional football team is looking at its future revenue stream from ticket sales. Currently, a season package costs

$250

per seat. The season ticket holders have been promised this same rate for the next

four

years.

Five

years from now the organization will raise season ticket prices based on the estimated inflation rate of

3.5%.

What will the season tickets sell for in

five

years?

What will the season tickets sell for in

five

years?

$nothing

(Round to the nearest cent.)