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 the first 6 years The first deposit will be made a year from today.In addition, your grandfather just gave you a $25,000 graduation gift which you will deposit immediately If the account earns 9% compounded annually, how much will you have when you start your business 12 years from now?
A)$238,176
B)$250,712
C)$263,907
D)$277,797
E)$291,687

Question

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The Answer of 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 the first 6 years The first deposit will be made a year from today.In addition, your grandfather just gave you a $25,000 graduation gift which you will deposit immediately If the account earns 9% compounded annually, how much will you have when you start your business 12 years from now?
A)$238,176
B)$250,712
C)$263,907
D)$277,797
E)$291,687

After Graduation, You Plan to Work for Dynamo Corporation for 12