Sierra Capital Wants to Accumulate $100,000 at the End of 10

Multiple Choice

Sierra Capital wants to accumulate $100,000 at the end of 10 years to fund retirement benefits for its accountant. Annual deposits will be made into a special account earning 6%, beginning at the end of year 1. To calculate the amount of the equal deposits, use the

A) future value of a annuity due.
B) present value of a single amount.
C) future value of an ordinary annuity.
D) present value of an annuity.