You want to purchase a new MacBook for $$3,000$ and aim to make the purchase in

two years, in preparation for your new job once you graduate. You plan to deposit money every

$3$ months $($quarterly$)$ for $8$ quarters and pay for the new MacBook in quarter $8.$ Your account

provides an interest rate of $3\mathrm{.}5\%$ per year, compounded monthly.

Will you have enough money to purchase the MacBook?