You expect to need 878 USD in 1 year, another 847 USD in 2 years, and finally another 2,098 USD in 3 years. If you have available to you an investment account that promises a fixed rate of return of 7.6% per year over the next 3 years, how much must you invest today, in order to be able to extract those future cash flows you will need? Hint: find the amount you need to invest for each one; then add them up.