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-What amount must be deposited today so that $1,200 may be withdrawn at the end of each year for three years,assuming an APR of 7 percent?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)$3,148.80
B)$\$3,148.80$
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-What amount must be deposited today so that $1,200 may be withdrawn at the end of each year for three years,assuming an APR of 7 percent?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)$3,148.80 
B)$\$3,148.80$ 
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-What amount must be deposited today so that $1,200 may be withdrawn at the end of each year for three years,assuming an APR of 7 percent?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)$3,148.80 
B)$\$3,148.80$ 
C)$3,366.00 
D)$3,850.28

Use This Information to Answer the Following Question $3,148.80\$3,148.80$3,148.80 C)$3,36600 D)$3,850

Use This Information to Answer the Following Question $\$3,148.80$ C)$3,36600
D)$3,850