Question: How do I solve this problem? 3. (1 point) John requires 3000 dollars in 6 months to pay off a loan. How much should he

How do I solve this problem?

3. (1 point) John requires 3000 dollars in 6 months to pay off a loan. How much should he save in an account paying 3 percent compounded monthly so that in 6 months he will have exactly 3000 dollars? 4. (1 point) How long does it take for an investment to triple in value if it is invested at 6 percent componded monthly

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