Use Table 11-2 to solve the problem.
Stuart Daniels estimates that he will need $24,000 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: Your answer is incorrect.(b)How much compound interest (in $) will he earn on the investment?
$ 9,343.50Incorrect: Your answer is incorrect.MathBot Answer:
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