Question: How to solve? Check My Work Solve the following problem by using the compound interest formula. The FerRod Motorcycle Company invested $270,000 at 3.5% compounded

How to solve? How to solve? Check My Work Solve the following problem by using

Check My Work Solve the following problem by using the compound interest formula. The FerRod Motorcycle Company invested $270,000 at 3.5% compounded monthly to be used for the expansion of their manufacturing facilities. How much money will be available for the project in 3 years? Round the monthly rate in decimal form to four decimal places. Round your answer to the nearest dollar. Do not round any other intermediate calculations

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