Hiller Corporation Makes an Investment Today (January 1, 2012)

question 36

Multiple Choice

Hiller Corporation makes an investment today (January 1, 2012) .They will receive $20,000 every December 31st for the next six years (2012 - 2017) .If Hiller wants to earn 12% on the investment, what is the most they should invest on January 1, 2012?

• A)$82,228.
• B)$92,096.
• C)$162,304.
• D)$181,780.

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