Kim and Mario wish to have $30,000 available for a kitchen remodel in 3 years. How much
money should they set aside now at 7% compounded monthly in order to reach their
financial goal? Round your answer UP to the nearest cent.
3 years = 36 months
.07/12 = .00583333....
1.00583333...^36 = 1.232925587
1.232925587 p = 30,000
p = 24,332.37