Question: Jimbo will receive $ X every 8 months, starting 10 months from today. He will receive these payments forever. His stated annual interest is 6%,

Jimbo will receive $X every 8 months, starting 10 months from today. He will receive these payments forever. His stated annual interest is 6%, compounded every two months. Find X if the present value of all of the payments is $75,000.

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