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Your child will go to college 12 years from now and will require $20,000, $21,000, $22,000, and $23,000 at the beginning of each year in school. In addition, you and your spouse plan to retire in 20 years. You want to have $75,000 available for each of your expected 15 years of retirement. These funds will need to be available at the beginning of each year. You currently have $15,000 that can be invested to meet these objectives. Assume you can earn an average 11 percent annual return in a mutual fund. How much must you invest at the end of each of the next 20 years in order to meet your financial objectives.
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 ..
This report is specific for a core understanding for Financial Accounting and its relevant factors.
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