Solve the problem.Southwest Dry Cleaners believes that it will need new equipment in 5 years. The equipment will cost $26,000. What lump sum should be invested today at 2% compounded semiannually, to yield $26,000?
A. $23,537.46
B. $24,795.34
C. $25,295.61
D. $24,733.51
Answer: A
Mathematics
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