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If you want to have $30,000 in your bank account at year 3 and the interest rate is 5% every year, how much money do

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If you want to have $30,000 in your bank account at year 3 and the interest rate is 5% every year, how much money do you have to invest at year 1 ( assuming that you don't invest at time zero)? a. $25,915.13 b. $27,210.88 c. $28,571.43 d. $30,000.00 e. None of the above Clear my choice

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