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A small gold mine yielded an equipment of Php 500 000 during its first year of operation Php 460 000 on its second year and amount decreasing by Php 40 000 every year what is its equivalent annual yield if i = 10% PLSS asnwer it step
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·The African continent is richly endowed with significant mineral oil and gas resources including large reserves of gold As noted in the previous chapter the continent is home to a large portion of the world s mineral wealth including 42 per cent of the world s known gold reserves Bush 2008 p 361 The continent s largest producer of gold South Africa is
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·Brendan Callen Brendan Callen is the author and mind behind His journey into the world of investing particularly in precious metals stems from a deep rooted passion for financial markets and the unique stability and history that assets like gold and silver bring to investment portfolios
A gold mine is projected to produce $52 000 during its first year of operation $50 000 the second year 48 000 the third year and so on If the mine is expected to produce for a total of 20 years and the effective annual interest rate is 4% its present worth is nearest to Select one a $679 515 b $1 127 810 c $456 385 d $483 566
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·The Haile Gold Mine Lancaster County This historical gold mine is the state s largest gold producer While it s now a commercial operation with no prospecting allowed it s worth mentioning for its significant contribution to the state s gold mining legacy So it s only fitting to begin this list with the motherlode the Haile Gold
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·Frustration Hill Gold Mine Tour The Frustration Hill Gold Mine Tour offers guided tours of an actual gold mine You can get a feel for the life of a miner learn about the history of gold mining and yes pan for gold This tour is a golden opportunity if you want an immersive gold panning experience with a touch of history
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