Question: Stadium Capital Financing Group helps cash strapped sports programs through the marketing of its sports mortgage. At the University of Kansas, Jayhawks fans can sign

Stadium Capital Financing Group helps cash strapped sports programs through the marketing of its "sports mortgage." At the University of Kansas, Jayhawks fans can sign up to pay $105,000 over 10 years for the right to buy top seats for football during the next 30 years. In return, the season tickets will stay locked in at current-year prices. Season tickets in tier 1 are currently selling for $350. A fan plans to purchase the sports mortgage along with season tickets now and each year for the next 30 years (31 seasons). What is the dollar amount of the savings on the tickets (with no interest considered), if ticket prices rise at a rate of 3% per year for the next 30 years?

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