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After graduation, you plan to work for Mega Corporation for 10 years and then start your own business.
After graduation, you plan to work for Mega Corporation for 10 years and then start your own business.You expect to save $5,000 a year for the first 5 years and $10,000 annually for the following 5 years, with the first deposit being made a year from today.In addition, your grandfather just gave you a $10,000 graduation gift which you will deposit immediately.If the account earns 8% compounded annually,