Vannoy Corporation will invest $60,000 every January 1st for the next six years (2014 - 2019). If Vannoy will earn 12% on the investment, what amount will be in the investment fund on December 31, 2019? (Points : 2)

$246,684. $276,288. $486,912. $545,341.

Question 14.14. Spencer Corporation will invest $20,000 every December 31st for the next six years (2014 - 2019). If Spencer will earn 12% on the investment, what amount will be in the investment fund on December 31, 2019? (Points : 2)

$82,228. $92,096. $162,304. $181,780.

Question 15.15. If Jethro wanted to save a set amount each month in order to buy a new pick-up truck when the new models are next available, which time value concept would be used to determine the monthly payment? (Points : 2)

Future value of an ordinary annuity. Future value of one. Present value of an annuity due. Present value of one.