QUESTION $15$

Compute the value of a financial contract that pays $$50$ in year $4,$$$50$ in year $5,$$$50$ in year $6,$ and continues paying $$50$

every year thereafter. Assume that the discount rate is $5\%$ per year compounded annually.

A$.$ $$969\mathrm{.}54$

B$.$ $$863\mathrm{.}84$

C$.$ $$899\mathrm{.}56$

D$.$ $$765\mathrm{.}55$