You are determining if you have enough money to purchase Honda Civic in 3 years. You know that in exactly 3 years you will need $30,000, and you can hold your money in an account that guarantees an annual Interest Rate of 3%. How much money you will have to set aside today to ensure that you will have the $30,000 in 3 years?

a) $27,454

b) $26,191

c) $27,144

d) None of the answers is correct