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How much must you invest today at 8% interest in order to see your investment grow to $8,000 in 10 years? Dr. Stein has just

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How much must you invest today at 8% interest in order to see your investment grow to $8,000 in 10 years? Dr. Stein has just invested S100,000 for his son. The money will be used for his son's education 10 years from now. He calculates that he will need $215, 980 for his son's education by the time his son goes to school. What rate of return will Dr. Stein need to achieve this goal

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