Amount of the special savings contribution

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Reference no: EM131570354

Milos wants to have 99,326 dollars in his investment account in 10 years from today. He expects to earn a return of 3.63 percent per year. Milos plans to make regular savings contributions of 6,780 dollars per year for 10 years, with the first of these regular savings contributions made later today. In addition, Milos expects to make a special savings contribution of X in 3 years from today. What is X, the amount of the special savings contribution that Milos will make in 3 years from today?

Reference no: EM131570354

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