Question: please show all work and do not use excel or a financial calculator. The answer you get must be in the answer key posted at

please show all work and do not use excel or a financial calculator. The answer you get must be in the answer key posted at the bottom.

please show all work and do not use excel or a financial calculator. The answer you get must be in the answer key posted

6. An investment pays $20,000 at the end of year 2, $30,000 at the end of year 4 and $X at the end of year 8. At an annual effective rate of 8.5%, the modified duration of this cash flow is 5.51704. Calculate X (round your answer to integer). Numerical answers (in random order): 6.955, 0.062, 4.5228, 6538.49, 0.04317, 2660.67, 50000, 400.36, 202.1, 3671.29, 1951.62, 4.4621

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