Use This Information to Answer the Following Question If an Accumulation of $6,000 Is Desired at the End

Multiple Choice

Use this information to answer the following question. $\begin{array}{|c|c|c|}\hline \text { Periods } & \text { Future Value of } \$ 1 \text { at } 12 \text { Percent } & \begin{array}{c}\text { Future Value of Ordinary Annuity of } \\\$ 1 \text { at } 12 \text { Percent }\end{array} \\\hline 1 & 1.120 & 1.000 \\\hline 2 & 1.254 & 2.120 \\\hline 3 & 1.405 & 3.374 \\\hline\end{array}$
If an accumulation of $6,000 is desired at the end of three years,what amount must be deposited at the end of each of the three years?

A) $1,778.30
B) $20,244.00
C) $4,270.46
D) $8,430.00