Answer:
d. $889
Explanation:
The computation of the deposit amount is shown below:
Principal = Amount ÷ (1 + interest rate)^number of years
= $1,000 ÷ (1 + 4%)^3 years
= $1,000 ÷ 1.124864
= $889
Simply we divide the amount by the interest rate and the number of years so that the exact value can arrive
