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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 $25,000 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) $353,030 B) $360,988 C) $334,259 D) $350,852 E) $371,261

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