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- Earl wants to know how much he will have available to spend on his trip to Belize in three years if he deposits $3000

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- Earl wants to know how much he will have available to spend on his trip to Belize in three years if he deposits $3000 today at an interest rate of 9 percent compounded quarterly. (FV) 5. Cheryl wants to have $2000 in spending money to take on a trip to Niagara Falls in three years. How much must she deposit now in a savings account "that pays 4 percent interest compounded monthly to have the money she needs in three years? (PV)

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