Consider the three-dimensional system of difference equations x_{n+1}=frac{prod_{j=0}^{k} z_{n-3j}}{prod_{j=1}^{k} x_{n-( 3j-1) }(a_{n}+b_{n}prod_{j=0}^{k} z_{n-3j} t) }, y_{n+1}=frac{prod_{j=0}^{k} x_{n-3j}}{prod_{j=1}^{k} y_{n-( 3j-1) }(c_{n}+d_{n}prod_{j=0}^{k} x_{n-3j} t) }, z_{n+1}=frac{prod_{j=0}^{k} y_{n-3j}}{prod_{j=1}^{k} z_{n-( 3j-1) }(e_{n}+f_{n}prod_{j=0}^{k} y_{n-3j}t) }, n in N_{0}, where k in {N}_{0}, the sequences ( a_{n}) _{n in {N}_{0}}, ( b_{n}) _{n in {N}_{0}}, ( c_{n}) _{n in {N}_{0}}, ( d_{n}) _{n in {N}_{0}}, ( e_{n}) _{n in {N}_{0}}, ( f_{n}) _{n in {N}_{0}} and the initial values x_{-3k}, x_{-3k+1}, dots, x_{0}, y_{-3k}, y_{-3k+1}, dots, y_{0}, z_{-3k}, z_{-3k+1}, dots, z_{0} are real numbers. In this work, we give explicit formulas for the well defined solutions of the above system. Also, the forbidden set of solution of the system is found. For the constant case, a result on the existence of periodic solutions is provided and the asymptotic behavior of the solutions is investigated in detail.