Al Miler the owner of Al s Garage estimates that he will need 29 000 for new equipment in 15 years Al decides that he will put

Question

Al Miler the owner of Al s Garage estimates that he will need 29 000 for new equipment in 15 years Al decides that he will put aside the money now so that in 15 years the 29 000 will be available His bank offers him 10 interest compounded semiannually Al must invest today 6 710 60 6 942 60 6 701 60 125 335 10 None of these

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