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Rita has an investment worth $95554.80. The investment will make a special payment of X to Rita in 2 months from today and the investment
Rita has an investment worth $95554.80. The investment will make a special payment of X to Rita in 2 months from today and the investment also will make regular fixed monthly payments of $1290 to Rita forever. The expected return for thr investment is 2.43% per month and the first regular fixed monthly payment of $1290 will be made to Rita in one month from today. What is X the amount of the special payment that will be made to Rita in 2 months?
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