Southwest Dry Cleaners believes that it will need equipment in 10 yeas. The equipment will cost 26,000. What lump sum should be invested today at 6% compounded semiannually to yield $26,000?

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Southwest Dry Cleaners believes that it will need equipment in 10
yeas. The equipment will cost 26,000. What lump sum should be invested
today at 6% compounded semiannually to yield $26,000?

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