(NO Excel) Consider the following schedule of cash flows. If interest is 4% per year, compounded continuously, the equivalent value at year 5 is closest to...the answer (b) $1419

\begin{tabular}{|c|c|} \hline n & Cash Flows \\ \hline 1 & $300 \\ \hline 2 & $280 \\ \hline 3 & $260 \\ \hline 4 & $240 \\ \hline 5 & $220 \\ \hline \end{tabular}