Solve the problem.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. $15,212.33
B. $9108.94
C. $19,593.79
D. $15,440.52


Answer: B

Mathematics

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