Multiple Choice
Hiller Corporation makes an investment today (January 1, 2012) .They will receive $20,000 every December 31st for the next six years (2012 - 2017) .If Hiller wants to earn 12% on the investment, what is the most they should invest on January 1, 2012?
A) $82,228.
B) $92,096.
C) $162,304.
D) $181,780.
Correct Answer:
Verified
Correct Answer:
Verified
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