Use This Information to Answer the Following Question If $100 Is Invested, How Much Will It Grow to

Multiple Choice

Use this information to answer the following question. $\begin{array}{|c|c|c|}\hline \text { Periods } & \text { Present Value of } \$ 1 \text { at } 7 \text { Percent } & \begin{array}{c}\text { Present Value of Ordinary Annuity of } \$ 1 \\\text { at } 7 \text { Percent }\end{array} \\\hline 1 & 0.935 & 0.935 \\\hline 2 & 0.873 & 1.808 \\\hline 3 & 0.816 & 2.624 \\\hline\end{array}$
If $100 is invested, how much will it grow to at the end of the three years?

A) $100 $\times$ .935 $\times$ 3
B) $100 ÷ .816
C) ($100 ÷ 2.624) $\times$ 3
D) $100 $\times$ 2.624