At the most basic level, a bond is Multiple Choice a financial arrangement that involves the transfer of funds to a government or business entity. a financial arrangement that involves the current transfer of resources from a lender to a borrower, with a transfer back at some time in the future. a loan that involves that a contract. the transfer of funds from a lender to a borrower.

After graduation, you plan to work for dynamo corporation for 12 years and then start your own business. you expect to save and deposit $7,500 a year for the first 6 years (t = 1 through t = 6) and $15,000 annually for the following 6 years (t = 7 through t = 12). the first deposit will be made a year from today. in addition, your grandfather just gave you a $32,500 graduation gift which you will deposit immediately (t = 0). if the account earns 9% compounded annually, how much will you have when you start your business 12 years from now?