Jenna would like to purchase a new car in three years. If she saves $ 1 comma 200

$1,200 per year in an account that pays8% annual interest for the next 3years, how much will she have saved for a downpayment? (Round the final answer to the nearestdollar.)

Values fori=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