Olive Loom wants to accumulate $3,880 for a down payment toward the purchase of a car.Olive plans to make this purchase 3 years from today.If Olive can earn 8%, approximately how much does she need to deposit into the fund today in order to accumulate the desired down payment? Use appendix Table 1, Table 2, Table 3 and Table 4.

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The Answer of Olive Loom wants to accumulate $3,880 for a down payment toward the purchase of a car.Olive plans to make this purchase 3 years from today.If Olive can earn 8%, approximately how much does she need to deposit into the fund today in order to accumulate the desired down payment? Use appendix Table 1, Table 2, Table 3 and Table 4.

Olive Loom Wants to Accumulate $3,880 for a Down Payment