Use This Information to Answer the Following Question What Amount Must Be Deposited Today So That $600 May

Multiple Choice

Use this information to answer the following question. $\begin{array}{|c|c|c|}\hline \text { Periods } & \text { Present Value of } \$ 1 \text { at } 7 \text { Percent } & \begin{array}{c}\text { Present Value of Ordinary Annuity of } \$ 1 \\\text { at } 7 \text { Percent }\end{array} \\\hline 1 & 0.935 & 0.935 \\\hline 2 & 0.873 & 1.808 \\\hline 3 & 0.816 & 2.624 \\\hline\end{array}$ What amount must be deposited today so that $600 may be withdrawn at the end of each year for three years?

A) $1,800.00
B) $1,925.14
C) $1,574.40
D) $1,683.00