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?

 

Answer rating: 100% (QA)

In this scenario Henry needs to find the present value of two separate future pa... View the full answer