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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 annually for the first 6 years (at the end of each year, so you deposit at t = 1 through t = 6) and $15,000 annually for the following 6 years (t = 7 through t= 12). In addition, your grandfather just gave you a $25,000 graduation gift, which you will deposit immediately (at t = 0). If the account earns 9% compounded annually, how much will you have when you start business 12 years from now? A) $277,797 OB) $263,907 OC) $238,176 D) $291,687 OE) $250,712

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