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5. [5 points] In this question all money is in units of thousands of dollars. You have made an initial investment of 20 in a friend's business with guaranteed cash flows of 5 at the end of year 1, 6 at the end of year 2 and 2 at the end of year 3. Interest is 3% APR compounded every 4 months. Find the value of x that will allow you to break even on the investment. (Your solution should include a money-time line.)

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Reid Wolff
Reid WolffLv2
19 Aug 2018
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