Q$1.$ You just graduated, and you plan to work for $10$ years and then to leave for the

Australian "Outback" bush country. You figure you can save $$5,500$ a year for

the first $5$ years and $$10,000$ a year for the next $5$ years. These savings cash flows

will start one year from now. In addition, your family has just given you a

$$60,000$ graduation gift. If you put the gift now, and your future savings when

they start, into an account which pays $8$ percent compounded annually, what will

your financial "stake" be when you leave for Australia $10$ years from now?

$(20$points$)$