Jose received $ 350 for his birthday from his family. He wishes to buy a motorcycle and decides to use his birthday money towards it. He'd like to have a bigger down payment so he invests his money in a saving account that pays 3% per year compounded quarterly. If Jose purchases the motorcycle in 3 years, how much will he have available towards the down payment for his motorcycle?

Answer rating: 100% (QA)

Sol Guiven 350 received He invert his CI compound Interest A P r p... View the full answer