Jenna Would Like to Purchase a New Car in Three

Multiple Choice

Jenna would like to purchase a new car in three years.If she saves $1,000 per year in an account that pays 8% annual interest for the next 3 years,how much will she have saved for a down payment? (Round the final answer to the nearest dollar.) Values for i=8%,n=3
$$\begin{array} { | l | r | } \hline \text { Present value of an ordinary annuity of } \$ 1 & 2.577 \\\hline \text { Present value of } \$ 1 \text { : } & .772 \\\hline \text { Future value of an ordinary annuity of } \$ 1 & 3.246 \\\hline \text { Future value of } \$ 1 : & 1.260 \\\hline\end{array}$$

A) $3,246
B) $3,772
C) $3,577
D) $2,577