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):
