Solve the problem.
Southwest Dry Cleaners believes that it will need new equipment in 6 years. The equipment will cost $26,000. What lump sum should be invested today at 2% compounded semiannually, to yield $26,000?
A. $24,548.93
B. $24,487.64
C. $25,169.60
D. $23,073.70
Answer: D
Mathematics
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