If $10,000 Per Year Is Deposited at 8% Starting Today

question 10

Multiple Choice

If $10,000 per year is deposited at 8% starting today and at the beginning of each of the next five years (6 deposits) , the amount on deposit will be:

• A)$46,229.
• B)$73,359.
• C)$49,927.
• D)$79,228.

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Definitions:

Depletion Expense

The allocation of the cost of natural resources over the period they are consumed or sold.

Mineral Deposit

A natural accumulation of minerals within the Earth that can be economically extracted and utilized.

Copyright

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A privilege or license granted to an individual or company to be the sole seller or producer of a specific product in a certain market.