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The Elders hope to accumulate 8000 for a sunroom over the next 8 years. How much would they need to invest right now at 3.4% compounded quarterly to reach that goal? Do not round any intermediate computations. Round your answer to the nearest cent.Lucia opened a savings account and deposited 100.00. The account earns 5% interest, compounded monthly. If she wants to use the money to buy a new bicycle in 3 years, how much will she be able to spend on the bike?two more than three times a number is sevenJestoni deposits 520 into savings account that has a 3.5 % interest rate compounded monthly. What will be the:balance of Jestoni's savings account after 2 years?In 3 years, Bobby wants to buy a bicycle that costs 700.00. If he opens a savings account that earns 7% interest compounded annually, how much will he have to deposit as principal to have enough money in 3 years to buy the bike?