problem: Jeff Coleman just graduated. He plans to work for five (5) years & then leave for the Australian country. He figures that he can save dollar 3,500 a year for the first three years and $5,000 a year for the next two years. These savings will start one year from now. In addition, his family just gave him a dollar 2,500 graduation gift. If he puts the gift, & the future savings when they start, into an account that pays 8 percent compounded yearly, determine what will his financial be when he leaves for Australia five (5) years from now?