Question: Luis wants to know how much he will have available to spend on his trip to Belize in three years if he deposits $ 4

Luis wants to know how much he will have available to spend on his trip to Belize in three years if he deposits
$4,600
today at an interest rate of
3%.
If he deposits
$4,600
today at an annual interest rate of
3
percent, the amount Luis will have available to spend on his trip to Belize in three years is
$nothing.
(Round to the nearest cent.) (Use your
financial calculator
or you may use the Financial Tables in
Appendix C
in computing your answer.)

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