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Bob has an investment worth $300,000. The investment will make a special payment of X to Bob in 2 years from today.
Bob has an investment worth $300,000. The investment will make a special payment of X to Bob in 2 years from today. The investment also will make regular, fixed annual payments of $65,000 to Bob with the first of these payments made to Bob in 1 year from today and the last of these annual payments made to Bob in 6 years from today. The expected return for the investment is 10 percent per year. What is X, the amount of the special payment that will be made to Bob in 2 years?