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1. If Sam requires $2,400 in 2 years from now, assuming that the interest rate provided by his bank is 4% per annum, then today

1. If Sam requires $2,400 in 2 years from now, assuming that the interest rate provided by his bank is 4% per annum, then today he should invest _____. (Round your answer to two decimal places.) a.$2,536.97 b.$2,419.34 c.$2,150.00 d.$2,218.93

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