Renfro Corporation will invest $70,000 every December 31st for the next six years (2014 - 2019). If
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Renfro Corporation will invest $70,000 every December 31st for the next six years (2014 - 2019). If Renfro will earn 12% on the investment, what amount will be in the investment fund on December 31, 2019?
a. $287,798.
b. $322,336.
c. $568,063. $70,000 × 8.11519 = $568,063.
d. $636,230
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For 
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
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