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rolpace88 rolpace88
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9 years ago
Southwest Dry Cleaners believes that it will need new equipment in 5 years. The equipment will cost $26,000. What lump sum should be invested today at 4% compounded semiannually, to yield $26,000?
A) $24,611.99
B) $23,649.29
C) $21,329.10
D) $23,531.54
Textbook 
Business Math

Business Math


Edition: 10th
Authors:
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MillionMillion
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#1
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9 years ago
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rolpace88 Author
wrote...
#2
9 years ago
That is correct Slight Smile

Thx
wrote...
#3
9 years ago
Great, please mark the topic solved!
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