Question: Use Table 11-2 to solve the problem. Stuart Daniels estimates that he will need $24,000 to set up a small business in 9 years. (a)

Use Table 11-2 to solve the problem. Stuart Daniels estimates that he will need $24,000 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? Alues in Table 112 were generated by the formula PV=(1+1)()rounded to five decinal places, where i is the interest rate per period and n is the total mamber of

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