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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 84
Stuart Daniels estimates that he will need $25,000 to set up a small business in 7 years.
a. How much must Stuart invest now at 8% interest compounded quarterly to achieve his goal
b. How much compound interest will he earn on the investment
a. How much must Stuart invest now at 8% interest compounded quarterly to achieve his goal
b. How much compound interest will he earn on the investment
Explanation
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Following information is given:
Compoun...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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