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Spencer Corporation Will Invest $10,000 Every December 31st for the Next

Question 92

Multiple Choice

Spencer Corporation will invest $10,000 every December 31st for the next six years (2012 - 2017) .If Spencer will earn 12% on the investment, what amount will be in the investment fund on December 31, 2017?


A) $41,114.
B) $46,048.
C) $81,152.
D) $90,890.

Correct Answer:

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