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Xavier has an investment worth 406,615 dollars. The investment will make a special payment of X dollars to Xavier in 3 month(s) and the investment
Xavier has an investment worth 406,615 dollars. The investment will make a special payment of X dollars to Xavier in 3 month(s) and the investment also will make regular, fixed monthly payments of 5,280 dollars to Xavier forever. The expected return for the investment is 1.36 percent per month and the first regular, fixed monthly payment of 5,280 dollars will be made to Xavier in 1 month. What is X, the amount of the special payment that will be made to Xavier in 3 month(s)?
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