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After graduation, you plan to work for Dynamo Corporation for 12 years and then start...

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Calculus

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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 a year for thefirst 6 years (t = 1 through t = 6) and $15,000 annually for the following 6 years (t = 7 through t = 12). The first deposit will be made a year from today. Inaddition, your grandfather just gave you a $32,500 graduation gift which you will deposit immediately (t = o). If the account earns 9% compounded annually,how much will you have when you start your business 12 years from now?a. $292,914b. $286,936c. $310,848d. $269,003e. $298,892

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