Question 1065205
4000=m[(1+ i/t)^Nt-1 ]divided by i/t
4000=m(1+.035/12)^36/.035/12
multiply by denominator (.035/12)
11.66667=m(1+0.0029166667)^36-1)=m(.11054) without rounding, divide by 0.11054
106
This can be checked roughly by multiplying by 36 months, which gives $3816, not far from $4000, and with 3.5% interest would be reasonable to expect this amount to reach $4000 in three years.