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Aziah, a 25 year old university graduate, wishes to retire at age 55. To supplement other sources of retirement income, she can deposit RM6,000 each year into a tax deferred individual retirement fund. The retirement fund will earn a 15% return over the next 30 years.
(i) Determine the amount that will be accumulated by the end of her fifty fifth year if Aziah makes annual end of year RM6,000 deposits into the fund
(ii) Find the amount that will be accumulated by the end of her fifty fifth year if Aziah decides to wait until age 35 to start making annual end of year RM6,000 deposits into the fund
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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