Question: Theo needs $40,000 as a down payment for a house 6 years from now. He earns 2.5 percent on his savings. Theo can either deposit

Theo needs $40,000 as a down payment for a house 6 years from now. He earns 2.5 percent on his savings. Theo can either deposit one lump sum today for this purpose or he can wait a year and deposit a lump sum. How much additional money must he deposit if he waits for one year rather than making the deposit today? a. $1, 020.18 b. $778.98 c. $811.13 d. $862.30 e. $948.03 All else the same, a in a firm's dividend payout ratio will decrease its: I. Sustainable growth rate II. Internal growth rate. III. External financing needed. a. II and III only b. I only c. II only d. I and II only e. III only

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