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1. You plan to go to Asia to visit friends in three years. The trip is expected to cost a total of $10,000 at that

1. You plan to go to Asia to visit friends in three years. The trip is expected to cost a total of $10,000 at that time. Your parents have deposited $5,000 for you in a Certificate of Deposit paying 6% interest annually,maturing three years from now. Uncle Lee has agreed to pay for all remaining expenses. If you are going to put Uncle Lee's gift in an investment earning 10% over the next three years, how much must he deposit today, so you can visit your friends three years from today?

A.$3,039

B. $3,345

C. $5,801

D.$3,757

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