document.write( "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? \n" ); document.write( "

Algebra.Com's Answer #763264 by josmiceli(19441) $\"\"$ $\"About$

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$\"+A+=+P%2A%28+1+%2B+r%2Fn+%29%5E%28n%2At%29+\"$
\n" ); document.write( " $\"+A+=+26000+\"$
\n" ); document.write( " $\"+r+=+.04+\"$
\n" ); document.write( " $\"+n+=+2+\"$
\n" ); document.write( " $\"+t+=+9+\"$
\n" ); document.write( "--------------------
\n" ); document.write( " $\"+26000+=+P%2A%28+1+%2B+.04%2F2+%29%5E%282%2A9%29+\"$
\n" ); document.write( " $\"+26000+=+P%2A1.02%5E18+\"$
\n" ); document.write( " $\"+26000+=+1.4282P+\"$
\n" ); document.write( " $\"+P+=+18204.73+\"$
\n" ); document.write( "$18,204.73 should be invested now
\n" ); document.write( " \n" ); document.write( "

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