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compounded semiannually Solve the problem. Round to the nearest cent as needed. Cheraw Auto Repair believes that it will need new equipment in 10 years.

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compounded semiannually
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Solve the problem. Round to the nearest cent as needed. Cheraw Auto Repair believes that it will need new equipment in 10 years. The equipment will cost $26,000. What lump sum should be invested today at 8% compounded semiannually, to yiekd $26,000 ? Provide an appropriate response. fate of 4 th compounded anniually, the piesent value of the anruity a Select one: A. 512,48724 n. 51054131 C 511.469.37 D. 59.58328. E $10,211.37

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