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Linton Corporation Will Invest $10,000 Every January 1st for the Next

Question 6

Multiple Choice

Linton Corporation will invest $10,000 every January 1st for the next six years (2006 - 2011) .If Linton 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:

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