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2. Lhakhang tito wants to buyview equipment in five years from now for $1.250,000. Lhakhang can invest money at a 7% interest rate per year.

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2. Lhakhang tito wants to buyview equipment in five years from now for $1.250,000. Lhakhang can invest money at a 7% interest rate per year. How much money would Lhakhang have to invest today in order to have enough to purchase the equipment in five years? Time value of money tables can be found at the back of the exam. (Allow for rounding errors when using the tables.) $1,250,000 FV = n 50,000 B. $953,619 C. $891,233 D. $805,761 PU= ? E. $142,597

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