You Want to Buy a New Plasma Television in 3

Multiple Choice

You want to buy a new plasma television in 3 years,when you think prices will have gone down to a more reasonable level.You anticipate that the television will cost you $2,500.If you can invest your money at 8% compounded monthly,how much do you need to put aside today?

A) $1,895.37
B) $1,968.14
C) $1,984.58
D) $2,158.42