What lump sum should be invested today

Reference no: EM1318036

Question: Southwest Dry Cleaners believes that it will need new equipment in ten years. The equipment will cost USD 26,000. What lump sum should be invested today at eight percent compounded semiannually, to yield USD 26,000?

Reference no: EM1318036

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What lump sum should be invested today : What lump sum should be invested today

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