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Derrick has an investment worth $ 1 5 6 , 3 1 5 . 5 0 . The investment will make a special payment of

Derrick has an investment worth $156,315.50. The investment will make a special payment of X to Derrick in 5 months from today and the investment also will make regular, fixed monthly payments of $2,160.00 to Derrick forever. The expected return for the investment is 1.52 percent per month and the first regular, fixed monthly payment of $2,160.00 will be made to Derrick in one month from today. What is X, the amount of the special payment that will be made to Derrick in 5 months? An amount less than $14,300.00 or an amount greater than $157,350.00 An amount equal to or greater than $14,300.00 but less than $24,100.00 An amount equal to or greater than $24,100.00 but less than $89,000.00 An amount equal to or greater than $89,000.00 but less than $149,250.00 An amount equal to or greater than $149,250.00 but less than $157,350.00

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