# math

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?

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1. PV = 25000(1.03)^-28
= \$10,926.92

i = .12/4 = .03
n = 7(4) = 28

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posted by Reiny
2. Thank you reiny:)

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

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posted by Sandy

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