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Pearson Corporation Makes an Investment Today (January 1, 2020)

Question 5

Multiple Choice

Pearson Corporation makes an investment today (January 1, 2020) . They will receive $9,000 every December 31 for the next six years (2020-2025) . If Pearson wants to earn 12% on the investment, what is the most they should invest on January 1, 2020?


A) $37,003
B) $41,443
C) $73,036
D) $81,801

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