The following payment plan has a present value $of$ $$119,000$ : $$29,000$ today, $$27,000at$ the end $of$ the first year, $$15,000at$ the end $of$ the second year, and $$Xat$ the end $of$ the third year. The rate $of$ interest $is6\mathrm{.}70\%$ per year. How much $isX?$

Question $6$Answer

$a.$

$$42,411$

$b.$

$$90,157$

$c.$

$$62,585$

$d.$

$$51,520$

$e.$

$$58,309$