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With wages from a summer job you make a total of 12 deposits at $1,073 per month into a savings account earning 6.31% compounded monthly. At the time of the last deposit, you close the savings account and invest all the money in stocks with the intention of leaving the stocks alone for the subsequent 15 years (dividends automatically are reinvested). The stocks are expected to provide an average annual return of 24.17% compounded monthly. When you finally sell the stocks, how much do you get?
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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