Multiple Choice
Renfro Corporation will invest $40,000 every December 31st for the next six years (2015 - 2020) .If Renfro will earn 12% on the investment, what amount will be in the investment fund on December 31, 2020?
A) $164,456
B) $184,192
C) $324,608
D) $363,560
Correct Answer:
Verified
Correct Answer:
Verified
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