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  3. christine has an investment worth $235,000.00. the

Christine has an investment worth $235,000.00. The investment will make a special payment of X...

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Accounting

Christine has an investment worth $235,000.00. The investment will make a special payment of X to Christine in 6 quarters in addition to making regular quarterly payments to Christine forever. The first regular quarterly payment to Christine is expected to be $1,880.00 and will be made in 3 months. All subsequent regular quarterly payments are expected to increase by 0.29 percent per quarter forever. The expected return for the investment is 1.23 percent per quarter. What is X, the amount of the special payment that will be made to Christine in 6 quarters?

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