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Southwest Dry Cleaners Believes That It Will Need New Equipment

Question 138

Multiple Choice

Southwest Dry Cleaners believes that it will need new equipment in 9 years. The equipment will cost $26,000. What lump sum should be invested today at 12% compounded semiannually, to yield $26,000?


A) $9108.94
B) $15,440.52
C) $19,593.79
D) $15,212.33

Correct Answer:

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