Renfro Corporation Will Invest $30,000 Every December 31st for the Next

Multiple Choice

Renfro Corporation will invest $30,000 every December 31st for the next six years (2012 - 2017) .If Renfro will earn 12% on the investment, what amount will be in the investment fund on December 31, 2017?

A) $123,342
B) $138,144.
C) $243,456.
D) $272,670.