At the End of Each Year for Ten Years You

question 43

Multiple Choice

At the end of each year for ten years you deposit $750 in an account that earns an annual rate of return of 12%.What is the present value of these deposits?

• A)$4,329.39
• B)$5,241.48
• C)$3,161.55
• D)$4,237.67
• E)$4,482.63

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Definitions:

Esker

A long, winding ridge of stratified sand and gravel, typically in a serpentine shape, formed by retreating glaciers or ice sheets.

Narrow Canyons

Deep, slender valleys with steep sides, carved by the erosive force of flowing water over geological time scales.

Downward Incision

The erosional process by which a river cuts deeper into its bed, often leading to the formation of a canyon or gorge.

Erosion

The process by which natural forces like water, wind, ice, and gravity wear away and break down earth materials, transporting them from one place to another.