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Aafter graduation, you plan to work for Ithaca Corp for 10 years and then start your own business. You expect to save $5,000 a year for the first 5 years and $10,000 annually for the following 5 years, with the first deposit being made a year from today. In addition, you just received a $15,000 graduation gift which you will deposit immediately. If the account earns 8% compounded annually, how much will you have when you start your business 10 years from now?
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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