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FromTheMoon [43]
2 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
Mathematics
2 answers:
Sliva [168]2 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]2 years ago
3 0

Answer:

a

Step-by-step explanation:

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