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.)