The Portland Stallions professional football team is looking at its future revenue stream from ticket sales. ​ Currently, a season package costs ​$500 per seat. The season ticket holders have been promised this same rate for the next three years.   Four years from now the organization will raise season ticket prices based on the estimated inflation rate of 3.5​%. What will the season tickets sell for in four ​years? What will the season tickets sell for in four ​years?   ​$nothing ​ (Round to the nearest​ cent.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Future
value.
  The Portland Stallions professional football team is looking at its future revenue stream from ticket sales. ​ Currently, a season package costs
​$500
per seat. The season ticket holders have been promised this same rate for the next
three
years.  
Four
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
four
​years?
What will the season tickets sell for in
four
​years?
 
​$nothing
​ (Round to the nearest​ cent.)
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