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)

$350,852

B)

$360,988

C)

$334,259

D)

$371,261

E)

$353,030