3. Use the formula to solve the following problem.Henry just got his tax refund back ($2,400) and would like to put some away for a trip after graduation. He estimates that he will need about $1750 for the trip he has in mind. Graduation is two years away and he can deposit funds in an account that will pay him 6% compounded quarterly. If Henry will not be depositing any more funds for the two years , how much must Henry set aside now out of his tax refund check in order to have the $1750 for his trip in two years?