17. After graduation, you plan to work for Aspen Industries for 8 years and then start your own business. You expect to save and deposit $5,000 a year for the first 4 years and $10,000 annually for the following 4 years. The first deposit will be made a year from today. In addition, your grandfather just gave you a $32,000 graduation gift which you will deposit immediately. If the account earns 8% compounded annually, how much will you have when you start your business 8 years from now? * A) $47,000
B) $42,000
C) $15,000
D) $134,943
E) None of the above