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- [ ] Jade has an investment worth $80,000. The investment will make a special extra payment of X to Jade in 3 years from
- [ ] Jade has an investment worth $80,000. The investment will make a special extra payment of X to Jade in 3 years from today. The invesmtne will also make regular, fixed annual payments of $12,400 to Jade with the first of these payment made to Jade later today and the last of these annual payments made to Jade in 5 years from Today. The expected return for the investment is 8.5% per year. What is x , the amount of the special payment that will be made to Jade in 3 years?
A greater than or equal to $10,000 but less than $15,000
B greater than or equal to $15,00 but less than $20,000
C greater than or equal to $25,000 but less than$31,000
D greater than or equal to $20,000 but less than $25,000
E none
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