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Hiller Corporation Makes an Investment Today (January 1, 2014)

Question 13

Multiple Choice

Hiller Corporation makes an investment today (January 1, 2014) . They will receive $50,000 every December 31st for the next six years (2014 - 2019) . If Hiller wants to earn 12% on the investment, what is the most they should invest on January 1, 2014?


A) $205,571.
B) $230,239.
C) $465,760.
D) $454,450.

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