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FromTheMoon [43]

3 years ago

13

Southwest Dry Cleaners believes that it will need new equipment in 7 years. The equipment will cost $26,000. What lump sum shoul

d 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

2 answers:

Sliva [168]3 years ago

7 0

A=p(1+i/m)^mn
A=26,000÷(1+0.06÷2)^(2×7)
A=17,189.06

drek231 [11]3 years ago

3 0

Answer:

a

Step-by-step explanation:

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