Question: 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

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? $ (b) How much compound interest (in $) will he earn on the investment? X

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