Multiple Choice
Solve the problem.
-Southwest Dry Cleaners believes that it will need new equipment in 6 years. The equipment will Cost $26,000. How much should be invested today at 2% compounded semiannually, to yield $26,000?
A) $24,548.93
B) $24,487.71
C) $25,169.60
D) $23,073.68
Correct Answer:
Verified
Correct Answer:
Verified
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