Isaac and Faith Both Want to Have $5,000 in Three

Multiple Choice

Isaac and Faith both want to have $5,000 in three years. Isaac expects to earn 8% on his investments and Faith expects a 7% rate of return. Which one of the following statements is correct
Concerning the amount of money they each need to invest today?

A) Faith needs to deposit $112.33 more than Isaac today.
B) Faith needs to deposit $173.33 more than Isaac today.
C) Isaac needs to deposit $3,699.16 today.
D) Faith needs to deposit $3,081.49 today.
E) Both Faith and Isaac should deposit $3,969.16 today.