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.

This is what i found “an explicit formula designates the nth term of the sequence, as an expression of n (where n = the term's location). it defines the sequence as a formula in terms of n. this example is an arithmetic sequence(the same number, 5, is added to each term to get to the next term).” i hope this you for what your looking for. can you plz mark me brainliest?