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

question 52

Multiple Choice

Pearson Corporation makes an investment today (January 1, 2012) .They will receive $10,000 every December 31st for the next six years (2012 - 2017) .If Pearson wants to earn 12% on the investment, what is the most they should invest on January 1, 2012?

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

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