Question
Southwest Dry Cleaners believes that it will need new equipment in 6 years. The equipment will cost $26,000. What lump sum should be invested today
Southwest Dry Cleaners believes that it will need new equipment in 6 years. The equipment will cost $26,000. What lump sum should be invested today at 2% compounded semiannually, to yield $26,000? Round to the nearest cent.
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Basic College Mathematics
Authors: Marvin L Bittinger, Judith A Beecher, Barbara L Johnson
12th Edition
0321925068, 9780321925060
