SOLUTION: Stuart Daniels estimates that he will need $25,000 to set up a small business in 7 years.
a. How much must Stuart invest now at 12% interest compounded quarterly to achieve his go
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-> SOLUTION: Stuart Daniels estimates that he will need $25,000 to set up a small business in 7 years.
a. How much must Stuart invest now at 12% interest compounded quarterly to achieve his go
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Question 977769: Stuart Daniels estimates that he will need $25,000 to set up a small business in 7 years.
a. How much must Stuart invest now at 12% interest compounded quarterly to achieve his goal?
$__________
b. How much compound interest will he earn on the investment?
$_________
