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.

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

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    posted by Sandy

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