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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

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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 $1,500 a year for the first 5 years and $2,200 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 $1,000 graduation gift. If you put the gift now, and your future savings when they start, into an account that pays 8 percent compounded annually, how much will you have accumulated for your trip to the Outback Australia 10 years from now? between $10K and $15K Obetween $20K and $30K between $15K and $20K less than $10K O greater than $30K

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