Pablos wants to save some money so that he can make a down payment of $3,000 on a car when he graduates from college 4 years from now. If he opens a savings account and earns 3% on his money, compounded annually, how much will he have to invest now? Show all work.

a. $2,910

b. $2,520

c. $2,664

d. $3,000