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How much compound interest will he earn

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Reference no: EM132861081

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 now at 8% interest compounded quarterly to achieve his goal?

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

Reference no: EM132861081

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