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

Multiple Choice

Use this information to answer the following question. $\begin{array}{|c|c|c|}\hline \text { Periods } & \text { Future Value of } \$ 1 \text { at } 12 \text { Percent } & \begin{array}{c}\text { Future Value of Ordinary Annuity of } \\\$ 1 \text { at } 12 \text { Percent }\end{array} \\\hline 1 & 1.120 & 1.000 \\\hline 2 & 1.254 & 2.120 \\\hline 3 & 1.405 & 3.374 \\\hline\end{array}$
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