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How much compound interest will he earn on the investment

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Reference no: EM133140910

Question - Stuart Daniels estimated that he will need $21,000 to set up a small business in 9 years.

Required -

(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: EM133140910

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