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Question: You plan to buy the house of your dreams in 13 years. You have estimated that the price of the house will be $88,853 at that time. You are able to make equal deposits every month at the end of the month into a savings account at an annual rate of 5.73 percent, compounded monthly. How much money should you place in this savings account every month in order to accumulate the required amount to buy the house of your dreams?
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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