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

Multiple Choice

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.

A) $3,080.
B) $4,890.
C) $925.
D) $3,258.
E) $2,915.