12. After graduation, you plan to work for Aspen Industries for 8 years and then start your own business. You expect to save and deposit $5,000 a year for the first 4 years and $10,000 annually for the following 4 years. The first deposit will be made a year from today. In addition, your grandfather just gave you a $32,000 graduation gift which you will deposit immediately. If the account earns 8% compounded annually, how much will you have when you start your business 8 years from now? A) $47,000 O B) $42,000 C) $15,000 D) 134,943 None of the above 11. What annual interest must you earn to have $300,000 in 20 years if you currently have $50,000? * O A) 5.37% O B) 6.37% C) 9.37% OD) 10.37% O None of the above