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Spencer Corporation Will Invest $20,000 Every December 31st for the Next

Question 97

Multiple Choice

Spencer Corporation will invest $20,000 every December 31st for the next six years (2015 - 2020) .If Spencer will earn 12% on the investment, what amount will be in the investment fund on December 31, 2020?


A) $82,228
B) $92,096
C) $162,304
D) $181,780

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