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Zach has an investment worth 63,726 dollars. The investment will make a special payment of X to Zach in 4 quarters in addition to making regular quarterly payments to Zach forever. The first regular quarterly payment to Zach is expected to be 1,230 dollars and will be made in 3 months. All subsequent regular quarterly payments are expected to increase by 0.58 percent per quarter forever. The expected return for the investment is 3.04 percent per quarter. What is X, the amount of the special payment that will be made to Zach in 4 quarters?

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Category:- Financial Management
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