Show me the steps to solve You have been offered a $5-$year investment at a price of $$60,000.$ It will pay $$5,000$ at the

end of Year $1,$ $$8,000$ at the end of Year $2,$ and a fixed but currently unspecified cash flow,

X$,$ at the end of Years $3$ through $5.$ The payer is essentially riskless, so you are sure the

payments will be made, and you regard $4\%$ as an appropriate rate of return on riskless $5-$year

investments. What cash flow must the investment provide at the end of each of the final $3$

years, that is$,$ what is X$?$

a$.$ $$17,232\mathrm{.}00$

b$.$ $$18,628\mathrm{.}58$

c$.$ $$19,111\mathrm{.}30$

d$.$ $$20,200\mathrm{.}00$

e$.$ $$20,875\mathrm{.}76$