If a fan buys a sports mortgage to USC football games by paying $130,000 in 10 equal payments starting now , and then pays a fixed price of $290 per year for 50 years (starting 1 year from now) for season tickets, what is the AW in years 1 through 50 of the season tickets at 8% per yearinterest?

Transcribed Image Text:

Alternative A Alternatlve B $1000 10% per year $1000 0 1 23 Year rear $25 $25 $25 $25 $25 $25 $25 $25 $25 $4000 $5000 $5000