Pearson Corporation Makes an Investment Today (January 1, 2015)

Multiple Choice

Pearson Corporation makes an investment today (January 1, 2015) .They will receive $25,000 every December 31st for the next six years (2015 - 2020) .If Pearson wants to earn 12% on the investment, what is the most they should invest on January 1, 2015?

A) $102,785
B) $115,120
C) $202,880
D) $227,225