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Use This Information to Answer the Following Question If an Accumulation of $8,000 Is Desired at the End

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Use this information to answer the following question.  Periods  Future Value of $1 at 12 Percent  Future Value of Ordinary Annuity of $1 at 12 Percent 11.1201.00021.2542.12031.4053.374\begin{array}{|c|c|c|}\hline \text { Periods } & \text { Future Value of } \$ 1 \text { at } 12 \text { Percent } & \begin{array}{c}\text { Future Value of Ordinary Annuity of } \$ 1 \\\text { at } 12 \text { Percent }\end{array} \\\hline 1 & 1.120 & 1.000 \\\hline 2 & 1.254 & 2.120 \\\hline 3 & 1.405 & 3.374 \\\hline\end{array} If an accumulation of $8,000 is desired at the end of three years, what amount must be deposited at the end of each of the three years?


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