Multiple Choice
Quincey Corporation makes an investment today (January 1, 2006) .They will receive $10,000 every December 31st for the next six years (2006 - 2011) .If Quincey wants to earn 12% on the investment, what is the most they should invest on January 1, 2006?
A) $41,114.
B) $46,048.
C) $81,152.
D) $90,890.
Correct Answer:
Verified
Correct Answer:
Verified
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