Use this information to answer the following question. What amount must be deposited today so that $1,200 may be withdrawn at the end of each year for three years,assuming an APR of 7 percent?
A)$3,148.80
B)$3,148.00
C)$3,366.00
D)$3,850.28

Question

Use this information to answer the following question.  What amount must be deposited today so that $1,200 may be withdrawn at the end of each year for three years,assuming an APR of 7 percent?
A)$3,148.80 
B)$3,148.00 
C)$3,366.00 
D)$3,850.28

Quizplus · Accepted Answer

The Answer of Use this information to answer the following question.  What amount must be deposited today so that $1,200 may be withdrawn at the end of each year for three years,assuming an APR of 7 percent?
A)$3,148.80 
B)$3,148.00 
C)$3,366.00 
D)$3,850.28

Use This Information to Answer the Following Question