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With an annual gross income of AUD100,000, Oscar intends to make a 12% contribution towards an accumulation superannuation plan (including both employer compulsory rate and employee voluntary rate). If the investment return is 4% per annum and assuming contributions are made annually, what is the projected balance (approximately) of Oscar's superannuation account in 25 years if the starting balance is zero today (ignore taxes and fees)?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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