Your brother Adam has decided to enter graduate school in 4 years. Your parents have been saving $ 5000 per year for the last 7 years. The 4 years have passed and he chooses Officer’s Training School instead. Your parents are delighted and gift him $ 20,000. Having toiled over the years they plan to use some funds to travel. They have budgeted $ 15,000. With a degree in finance you know that there are funds left in this bucket in your parent’s portfolio. You decide to become a Chef. Your parents support your decision and give you the rest. How much will your get? Assume a 6% interest rate.