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An Investor Can Invest $1000 at the Start of a Certain

Question 70

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An investor can invest $1000 at the start of a certain year,then $1000 the end of that year and the next year in a certain business.The business guarantees that the investor will receive a payment at the end of the year in five years.What is the future value (FV) of that payment if the investor is to break even,given that the discount rate over those five years is 6% per year?


A) $2002
B) $2681
C) $3000
D) $3792
E) $3370

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