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using financial mathematics please 12. An investment requires an initial payment of 6,000 and...

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Finance

imageusing financial mathematics please

12. An investment requires an initial payment of 6,000 and annual payments of 2, 000 at the end of each of the first 10 years. Starting at the end of the eleventh year, the investment returns three equal annual payments of X. Determine X to yield an annual effective rate of 5% over the 13- year period (A) 3, 852 (B) 6, 324 (C) 9,850 (D) 12, 826 (E) 14, 202

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