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Quantum Pizza took out a loan from the bank today for 20,100 dollars. The loan requires Quantum Pizza to make a special payment of 12,900
Quantum Pizza took out a loan from the bank today for 20,100 dollars. The loan requires Quantum Pizza to make a special payment of 12,900 dollars to the bank in 7 years and also make regular, fixed payments of X to the bank each year forever. The interest rate on the loan is 9.03 percent per year and the first regular, fixed annual payment of X will be made to the bank in 1 year. What is X, the amount of the regular, fixed annual payment?
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