Question: 2. How much does John need to have in his account now so that he will have $3,500 in 21 months (a) if the

2. How much does John need to have in his account now

2. How much does John need to have in his account now so that he will have $3,500 in 21 months (a) if the account earning 5% simple interest. (b) if the account is earning 5% interest compounded quarterly.

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