Use This Information to Answer the Following Question A Single Deposit of $2,000 Made at the Beginning of Periods

Multiple Choice

Use this information to answer the following question. $\begin{array}{|l|l|l|}\hline\text { Periods } & \text { Future Value of } \$ 1 \text { at } 12 \text { Percent } & \text { Future Value of Ordinary Annuity of } \\&&\$ 1 \text { at } 12 \text { Percent }\\ \hline 1 & 1.120 & 1.000 \\\hline 2 & 1.254 & 2.120 \\\hline 3 & 1.405 & 3.374 \\\hline\end{array}$ A single deposit of $2,000 made at the beginning of period 1 would grow to how much at the end of three years?

A) $2,240.00
B) $2,810.00
C) $2,508.00
D) $6,748.00