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Bapelol Bapelol
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A year ago
After graduation, you plan to work for Dynamo Corporation for14years and then start your own business. You expect to save and deposit $7,000a year for the first7years and $14,000 annually for the following7years, with the first deposit being made a year from today. In addition, your grandfather just gave you a $28,000 graduation gift, which you will deposit immediately. If the account earns8%, compounded annually, how much will you have when you start your business14years from now?


▸

$308,154



▸

$314,205



▸

$326,907



▸

$339,061

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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fs125fs125
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A year ago
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Bapelol Author
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Helped a lot
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This site is awesome
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