Lenny D. answered • 07/18/19

Financial Professional with many years of Wall Street Experience

Let's lay this out.

3 years = 36 compounding periods. If we put X dollars in a CD today = will be Worth

X((1+i/12)^{36}) in 3 years. We want this the be 350,000.

so X((1.+.0455/12)^{36}= 350,000

X= 350,000/ ((1+.0455/12)^{36})

I'll let you do the calculations.

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