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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 a year from today. In addition, your grandfather just gave you a $37,500 graduation gift which you will deposit immediately (t -0). If the account earns 9% compounded annually, how much will you have when you start your business 12 years from now? O a. S359,899 O b.$372,417 O c. $309,826 O d. $334,862 O e. $312,955

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