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Isaac has an investment worth 67,871 dollars. The investment will make a special payment of X to Isaac in 2 quarters in addition to making
Isaac has an investment worth 67,871 dollars. The investment will make a special payment of X to Isaac in 2 quarters in addition to making regular quarterly payments to Isaac forever. The first regular quarterly payment to Isaac is expected to be 1,530 dollars and will be made in 3 months. All subsequent regular quarterly payments are expected to increase by 0.78 percent per quarter forever. The expected return for the investment is 3.58 percent per quarter. What is X, the amount of the special payment that will be made to Isaac in 2 quarters?
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