SOLUTION: 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 4% compounded semiannually, t
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Question 1142586: 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 4% compounded semiannually, to yield $26,000?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
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$18,204.73 should be invested now
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