Question: Using the factors below, what amount should be deposited in a bank today if it is to eam 8% per year and pay out $1.000

Using the factors below, what amount should be deposited in a bank today if it is to eam 8% per year and pay out $1.000 each year for the next three years? Periods PV of $1 at 8% PV of Ordinary annuity at 8% .926 926 1 1.783 ,857 2 2.577 794 3 3.312 .735 4 $1.000 divided by 926 x 3 $1,000 2.577 $1.000 x 794 O $1.000 divided by 794

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