you have just graduate and plan to work for 10 years and then leave for europe. you figure you figure you can save $4,000 per year for the first 4 years and then $6,000 per year for the last 6 years. although you will start working today, your savings will come in at the end of each year and will be placed in an accounting paying 10% interest compounded annually. in addition, your grandfather has given you a %10,000 graduation cash gift and you will place this gift in another account today that will pay 20% interest compounded semi-annually. what will be the combined amount in your two accounts when you are ready to leave for europe in 10 years time?
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