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XYZ has an investment worth $56,000. The investment will make a special, extra payment of X to XYZ in 3 years from today. The investment
XYZ has an investment worth $56,000. The investment will make a special, extra payment of X to XYZ in 3 years from today. The investment also will make regular fixed annual payments of $12,000 to XYZ with the first of these payments made to XYZ in 1 year from today and the last of tilese annual payments made to XYZ in 5 years from today. The expected return for the investment is 13.2 percent per year. What is the amount of the special payment that will be made to XYZ in 3 years? a. An amount equal to or greater than $10,000 but less than $17,000 b. An amount equal to or greater than $17,000 but less than $22,000 c. An amount equal to or greater than $22,000 but less than $26,000 d. An amount equal to or greater than $26,000 but less than $30,000 e. An amount less than $10,000 or an amount equal to or greater than $30,000
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