just graduated and you expect to work for 10 years and then to leave for the
Australian country. You figure you can save 1,000 a year for the first 5 years
and 2,000 a year for the next 5 years. These savings cash flows will start 1
year from now. Your family just given you a 5,000 gift. If you put the gift now
and your future savings when they start into an account that pays 8% compounded
annually, what will your financial stake be when you leave for Australia 10
years from now?