Question
Rosemarie has an investment worth $164,376.00. The investment will make a special payment of X to Rosemarie in 5 months from today and the investment
Rosemarie has an investment worth $164,376.00. The investment will make a special payment of X to Rosemarie in 5 months from today and the investment also will make regular, fixed monthly payments of $2,420.00 to Rosemarie forever. The expected return for the investment is 2.65 percent per month and the first regular, fixed monthly payment of $2,420.00 will be made to Rosemarie in one month from today. What is X, the amount of the special payment that will be made to Rosemarie in 5 months? An amount less than $49,850.00 or an anmount greater than $175,500.00 An amount equal to or greater than $49,850.00 but less than $73,700.00 An amount equal to or greater than $73,700.00 but less than $93,700.00 An amount equal to or greater than $93,700.00 but less than $127,900.00 An amount equal to or greater than $127,900.00 but less than $175,500.00
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