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1 8 . After graduation, you plan to work and save for 1 0 years and then start your own business. You currently have $

18. After graduation, you plan to work and save for 10 years and then start your own business. You currently have $50,000 which you will invest immediately (year 0). In addition, you expect to save and deposit $15,000 a year for the first 5 years (year 1 through year 5) and $10,000 annually for the following 5 years (year 6 through year 10). If the account earns 10% compounded annually, how much will you in your account have when you start your business 10 years from now
a. $338,223.00
b.$319,586.87
c.$247,442.01
d.$215,837.17
e.$208,535.87

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