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Time value of money and its impact on family goals
In your discussions, Amber and Joel determined some initial savings goals, which included their plan to save towards their retirement and children's university education. They intend to put this money in an account that will earn about 5.5% (with monthly compounding) every year, up to the time that their oldest child starts university. At nine years of age. their oldest child has nine years to go until university begins. The Smiths mentioned that they do not know anything about RESPs, so include a discussion on these to help them understand how RESPs work. along with the bene?ts of investing in them. Amber believes that it is important to have $100.00!) saved before Luke starts university - will they be able to meet this goal? Is this goal realistic?
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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Time Value of Money project
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