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Business, 08.04.2020 23:48 brianrodriguez2005

Spence wants to have $176,000 in 7 years. He plans to make regular savings contributions of $13,100 per year for 7 years, with the first of these regular savings contributions made in 1 year. He also expects to make a special savings contribution of X in 3 years. He expects to earn 17.18 percent per year. What is X, the amount of the special savings contribution that Spence will make in 3 years?

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Spence wants to have $176,000 in 7 years. He plans to make regular savings contributions of $13,100...
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