Three Years from Now, Ari Will Purchase a Laptop Computer

Multiple Choice

Three years from now, Ari will purchase a laptop computer that will cost $2250.Assume that Ari can earn 6.25% (compounded monthly) on her money.How much should she set aside today for the purchase? Round off to the nearest $1.

A) $1250
B) $900
C) $1866
D) $3775