Great dish believes that it will need new equipment in 8 years. the equipment will cost $26,000. what lump sum should be invested today at 12%, compounded semiannually, to yield $26,000? a. $20,186.02 c. $16,388.00 b. $16,145.82 d. $10,234.80

d. $10,234.80

Step-by-step explanation:

we are given

The equipment will cost $26,000

so, Amount is $26000

A=26000

should be invested today at 12%

r=12%=0.12

It is compounded semiannually

so, n=2

t=8

now, we can use formula

now, we can plug values

now, we can solve for P

i dony know

step-by-step explanation: