Question: After graduation, you plan to work for Gading Enterprise for 12 years and then start your own business. You expect to save and deposit RM750

After graduation, you plan to work for Gading Enterprise for 12 years and then start your own business. You expect to save and deposit RM750 a year for the first 6 years. The first deposit will be made a year from today. In addition, your grandfather just gave you a RM2,500 graduation gift which you will deposit immediately. If the account earns 9 percent compounded annually, how much will you have when you start your business 12 years from now?

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