Business, 13.07.2020 16:01 yedida

After graduation, you plan to work for Donald's Fashion Co. For seven years and then start your own business. You expect to save and deposit $10,000 a year for the first three years (t=1 through t=3) and $14,000 annually for the four years after (t=4 through t=7). The deposits are made at the end of each year, with the first deposit being made a year from today. In addition, your grandfather just gave you a $40,000 graduation gift which you will deposit immediately (i. E. T=0). If the account earns 8% compounded annually, how much will you have saved when you start your business seven years from now?

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After graduation, you plan to work for Donald's Fashion Co. For seven years and then start your own...

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