About the savings cash flow

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You just graduated and you plan to work for 10 years and then leave for the Australian outback bush country. You figure you can save $1500 a year for the first 5 years and $2000 a year for the next 5 years. These savings cash flow will start one year from now. In addition , your family has just given you a $10000 graduation gift. If you put the gift now, and your future savings when they start, into an account which pays 7 percent compounded annually what will your financial stake be when you leave Australia 10 years from now?

Reference no: EM13976624

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