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Schmitt Corporation Will Invest $10,000 Every December 31st for the Next

Question 11

Multiple Choice

Schmitt Corporation will invest $10,000 every December 31st for the next six years (2008- 2013) . If Schmitt will earn 12% on the investment, what amount will be in the investment fund on December 31, 2013?


A) $41,114
B) $46,048
C) $81,152
D) $90,890

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