Multiple Choice
Schmitt Corporation will invest $10,000 every December 31st for the next six years (2006 - 2011) .If Schmitt will earn 12% on the investment, what amount will be in the investment fund on December 31, 2011?
A) $41,114.
B) $46,048.
C) $81,152.
D) $90,890.
Correct Answer:
Verified
Correct Answer:
Verified
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