Question: = = After graduation, you plan to work for Dynamo Corporation for 12 years and then start your own business. You expect to save and

= = After graduation, you plan to work for Dynamo Corporation

= = After graduation, you plan to work for Dynamo Corporation for 12 years and then start your own business. You expect to save and deposit $8,000 a year for the first 6 years (t = 1 through t = 6) and $16,000 annually for the following 6 years (t = 7 through t = 12). The first deposit will be made a year from today. In addition, your grandfather just gave you a $20,000 graduation gift which you will deposit immediately (t = 0). If the account earns 7% compounded annually, how much will you have when you start your business 12 years from now? O a. $253,389 O b. $251,389 O c. $242,431 O d. $245,378 e. $216,723

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