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16. After graduation, you plan to work for Dynamo Corporation for 12 years and then start your own business. You expect to save and deposit

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16. After graduation, you plan to work for Dynamo Corporation for 12 years and then start your own business. You expect to save and deposit $7.500 a year for the first 6 years and $15,000 annually for the following 6 years. The first deposit will be made a year from today. In addition, your grandfather just gave you a $25,000 graduation gift which you will deposit immediately. If the account earns 9% compounded annually, how much will you have when you start your business 12 years from now? A) $238.170 5) $250.712 CS202007 0 5277797 None of the above

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