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Vannoy Corporation Will Invest $50,000 Every January 1st for the Next

Question 22

Multiple Choice

Vannoy Corporation will invest $50,000 every January 1st for the next six years (2015 - 2020) .If Wagner will earn 12% on the investment, what amount will be in the investment fund on December 31, 2020?


A) $205,570
B) $230,240
C) $405,760
D) $454,450

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