Amount of the special savings contribution

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Reference no: EM131978750

Milos wants to have 166,936 dollars in 10 years. Milos plans to make regular savings contributions of 5,670 dollars per year for 10 years, with the first of these regular savings contributions made later today. In addition, Milos expects to make a special savings contribution of X in 2 years. He expects to earn 14.92 percent per year. What is X, the amount of the special savings contribution that Milos will make in 2 years from today?

Reference no: EM131978750

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