John is 30 years old. He will receive two payments of $2500 each. The first payment will be an unknown number of years in the future. The second payment will be five years after the first payment. At an annual effective interest rate of I=5%, the present value of the two payments is $2606. Determine at what age John will receive the second payment.

steve should create a type of business report called a business plan. the correct option among the options that are already given in the question is the last or the fourth option. this business report created by steve will actually influence the investors about investing their money in steve's business. this business report will have all the details about the business, the amount of investment required and the amount of expected profit.