Use Table 11-2 to solve the problem.

Stuart Daniels estimates that he will need 24,000tosetupasmallbusinessin8years.(a)Howmuch(in24,000 to set up a small business in 8 years.(a)How much (in ) must Stuart invest now at 8% interest compounded quarterly to achieve his goal?

14,656.50Incorrect:Youranswerisincorrect.(b)Howmuchcompoundinterest(in 14,656.50Incorrect: Your answer is incorrect.(b)How much compound interest (in ) will he earn on the investment?

$ 9,343.50Incorrect: Your answer is incorrect.

asked by guest
on Apr 09, 2025 at 7:22 pm



Mathbot Says...

I wasn't able to parse your question, but the HE.NET team is hard at work making me smarter.


+ Submit Question