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2. a a. Theo wants to have $40,000 for a down payment on a house five years from now. He can either deposit one lump

2. a a. Theo wants to have $40,000 for a down payment on a house five years from now. He can either deposit one lump sum today or he can wait one year and deposit a lump sum. Assume an annual interest rate of 3.5 percent. How much additionalmoney must he deposit if he waits for one year rather than making the deposit today? $1.001.98 $986.13 $1,178.76 $948.03 $1,020.18 c. d e

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