D- A mining firm must deposit funds in a “reclamation" account each quarter. 48 The account must have $25 million on deposit when a project reaches its horizon in 10 years. The account pays interest...

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Extracted text: D- A mining firm must deposit funds in a “reclamation" account each quarter. 48 The account must have $25 million on deposit when a project reaches its horizon in 10 years. The account pays interest at a rate of 2% per quarter. How much is the quarterly deposit? (a) $41,500 (b) $172,575 (c) $228,325 (d) $414,000