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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

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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 (t=1 through t=6) and $15,000 annually for the following 6 years (t=7 through t=12). The first deposit will be made at the end of the first year. If the account earns 9% compounded annually, how much will you have when you start your business 12 years from now? $269,003$207,480$292,914$286,936$310,848

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