Investment will make special payment

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Reference no: EM131822141

Sasha has an investment worth 39,852 dollars. The investment will make a special payment of X to Sasha in 6 years from today. The investment also will make regular, fixed annual payments of 7,000 dollars to Sasha with the first of these payments made to Sasha later today and the last of these annual payments made to Sasha in 7 years from today. The expected return for the investment is 12.29 percent per year. What is X, the amount of the special payment that will be made to Sasha in 6 years?

Reference no: EM131822141

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