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Peter has an investment worth $140,985.60. The investment will make a special payment of X to Peter in 3 months from today and the investment
Peter has an investment worth $140,985.60. The investment will make a special payment of X to Peter in 3 months from today and the investment also will make regular, fixed monthly payments of $2,620.00 to Peter forever. The expected return for the investment is 2.23 percent per month and the first regular, fixed monthly payment of $2,620.00 will be made to Peter in one month from today. What is X, the amount of the special payment that will be made to Peter in 3 months
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