answer question 6

Solve the problems below. Be sure to show your work. If you use the formula, be sure to write it out a long with each step. If you are using a financial calculator, be sure to write out your inputs (including if you switch you calculator from end mode to beginning mode). A local furniture store is advertising a deal in which you buy a $3,500 living room set with 3 years before you need to make payments (no interest is incurred). How much would you have to deposit each month in a savings account earning 3.5\% APR, compounded monthly, to be able to pay the $3,500 bill in three years