SOLUTION: John will require $3000 in 6 months to pay off a loan that has no prepayment priviledges. If he has the $3000 now, how much of it should he save in an account paying 3% compounded

SOLUTION: John will require $3000 in 6 months to pay off a loan that has no prepayment priviledges. If he has the $3000 now, how much of it should he save in an account paying 3% compounded

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