Homework Help: accounting

Posted by Keisha on Tuesday, October 26, 2010 at 8:41am.

Pearson corporation makes an investment today (January 1, 2010). They will receive $10,000 every December 31st for the next six years (2010-2015) If pearson wants to earn 12% on the investment, what is the most they should invest on January 1, 2010? A) $41,114 B) $46,048 C) $81,152 D) $90,890

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