Mathematics, 19.10.2019 22:00 LukeneedhelpInMath

Southwest dry cleaners believes that it will need new equipment in 7 years. the equipment will cost $26,000. what lump sum should be invested today at 6%, compounded semiannually, to yield $26,000?

a.
$ 17,189.06
b.
$ 23,243.29
c.
$ 21,091.71
d.
$ 21,249.90

Answers: 3

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Southwest dry cleaners believes that it will need new equipment in 7 years. the equipment will cost $26,000. what lump sum should be invested today at 6%, compounded semiannually, to yield $26,000? a. $ 17,189.06 b. $ 23,243.29 c. $ 21,091.71 d. $ 21,249.90

Answers

Another question on Mathematics

Southwest dry cleaners believes that it will need new equipment in 7 years. the equipment will cost $26,000. what lump sum should be invested today at 6%, compounded semiannually, to yield $26,000?

a.
$ 17,189.06
b.
$ 23,243.29
c.
$ 21,091.71
d.
$ 21,249.90