Stuart estimates that he will need $25000 to set up a small business in 7years.

Answer A=$10,926.92
Answer B=$14,073.08

answered by Sandy

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Question

Stuart estimates that he will need $25000 to set up a small business in  7years.How much must stuart invest at 12% interest compound quarterly to achieve goal?

Reiny · Answer

PV = 25000(1.03)^-28 = $10,926.92 i = .12/4 = .03 n = 7(4) = 28

Anonymous · Answer

Thank you reiny:)

Sandy · Answer

Stuart estimates that he will need $25000 to set up a small business in 7years. Answer A=$10,926.92 Answer B=$14,073.08