Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

تمرين 16

Alana and Eva Rodrigue, arc planning a cross-country road trip in 3 years. They estimate $6.0(X) will be needed to cover expenses. The National Bank of Pinecrest is offering a 3-year CD paying 3.62% interest compounded quarterly.
a. How much should they set aside now to achieve their goal Round to the nearest whole dollar.
b. How much interest will Alana and Eva earn on the CD