Solve the problem.Southwest Dry Cleaners believes that it will need new equipment in 6 years. The equipment will cost $26,000. How much should be invested today at 2% compounded semiannually, to yield $26,000?

A. $24,548.93
B. $23,073.68
C. $25,169.60
D. $24,487.71


Answer: B

Mathematics

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A. -5 B. 5 C. not defined D. 0

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Fill in the blank(s) with the appropriate word(s).

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A.
B. ?
C. ?
D. ?
E. ?

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