Question: Use table 11-2 to solve the problem. Stuart Daniels estimated that he will need $21,000 to set up a small business in 9 years. (a)

Use table 11-2 to solve the problem. Stuart Daniels estimated that he will need $21,000 to set up a small business in 9 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?

Use Table 11-2 to solve the problem. Stuart Daniels estimates that he will need $21,000 to set up a small business in 9 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

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