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you just graduated, and you plan to work for 10years and then to leave for the Australianoutback bush country. You figure you can save $1,000
you just graduated, and you plan to work for 10years and then to leave for the Australian"outback" bush country. You figure you can save $1,000 a year for the first 5 years and $2,000 a year for the next 5 years. These savings cash flows will start one year from now. In addition, your family has just giving you a $5,000 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
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