Use This Information to Answer the Following Question $\$3,148.80$ C)$3,36600
D)$3,850

Multiple Choice

Use this information to answer the following question.
-What amount must be deposited today so that $1,200 may be withdrawn at the end of each year for three years,assuming an APR of 7 percent?

A) $3,148.80
B) $\$3,148.80$
C) $3,366.00
D) $3,850.28