Question: Moon Company's computer system must be replaced in five years at a cost of $80,000. The owners have placed $60,000 in an investment that pays
Moon Company's computer system must be replaced in five years at a cost of $80,000. The owners have placed $60,000 in an investment that pays 4 percent compounded semi-annually and matures in five years. When this investment matures, how much additional money, if any, will Moon Company need to replace the computer system? Available answer options Select only one option A $ 0 B $ 6,860 C $ 6,998 D $ 8,000
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