What lump-sum will henry have to invest

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Reference no: EM13128385

Henry wants to send his son to computer school which will start one year from today. Payments of $2,000 are due at the end of each of the next two years. What lump-sum will Henry have to invest now at 12% per year in order to have $2,000 at the end of each of the next two years?

a) $3,380

b) $4,240

c) $2,508

d) $1,594

Reference no: EM13128385

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