Solve the problem.
Southwest Dry Cleaners believes that it will need new equipment in 7 years. The equipment will cost $26,000. What lump sum should be invested today at 5% compounded semiannually, to yield $26,000?
A. $18,400.91
B. $23,680.18
C. $21,837.73
D. $21,974.26
Answer: A
Mathematics
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Round the numbers in your answer to the nearest thousandth.
A. 
B. 
C. 
D. 
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A. 
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