Step 1 :This question is equivalent to asking, 'What is the future value of a continuous income stream of $\$300,000$ paid annually for 20 years if the interest rate is $5\%$ and compounded continuously?'
Step 2 :The formula for the future value of a continuous income stream is given by \[FV = R(t) \times e^{kT}\]
Step 3 :Substituting the given values into the formula, we get \[FV = \$300,000 \times e^{0.05 \times 20}\]
Step 4 :Calculating the above expression, we get \[FV \approx \$300,000 \times e^{1} \approx \$300,000 \times 2.71828\]
Step 5 :Therefore, the future value of the continuous income stream is approximately \[FV \approx \$300,000 \times 2.71828 \approx \boxed{\$815,484.00}\]