Business, 04.11.2019 22:31 kkbrookly7496

Al miler, owner of al's garage, estimates that he will need $29,000 for new equipment in 15
years. al decided that he would put aside the money now so that in 15 years the $29,000 will be available. his bank offers him 10 percent interest compounded semiannually. (use the tables in the handbook) al must invest today:
a. $6,710.60
b. $6,942.60
c. $6,701.60
d. $125,335.10
e. none of these

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Al miler, owner of al's garage, estimates that he will need $29,000 for new equipment in 15
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