Help Jenna would like to purchase a new car in three years. If...
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Jenna would like to purchase a new car in three years. If she saves $1,000 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 2.577 Present value of $1: .772 Future value of an ordinary annuity of $1 3.246 Future value of $1: 1.260 O A. $3,772 O B. $2,577 O C. $3,246 O D. $3,577
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