Question 3: The Flores Family loves to go sailing on the weekends. Mr. Flores has decided to purchase a more spacious sailboat. The sailboat he is interested in buying in 3 years will cost him $20,000. An account at Invest well Bank earns 2% per year compounded monthly. How much should Mr. Flores deposit in this account at the beginning of each month to be able to pay cash for the sailboat in 3 years? Identify the type of problem. a. b. c. d. e. f. Sinking Fund Present Value with Compound Interest Present Value of an Annuity Amortization Future Value with compound Interest Future Value of an Annuity 59 notific