A. $2,921 B. $3,219 C. $2,319 D. $3,395

Jenna would like to purchase a new car in three years. If she saves $900 per year in an account that pays 8% annual interest for the next 3 years, how much will she have saved for a down payment? (Round the final answer to the nearest dollar.) Values for i = 8%, n = 3 Present value of an ordinary annuity of $1 Present value of $1: Future value of an ordinary annuity of $1 Future value of $1: 2.577 .772 3.246 1.260 o o o O A. B. c. D. $2,921 $3,219 $2,319 $3,395