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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 10% compounded semiannually, to yield $26,000?

Group of answer choices

$22,122.69

$14,477.77

$19,297.14

$19,538.34

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