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Jack and Jill went to school together. Even though they were the same age and attended the same classes, they handled their finances differently. Jill begins to invest $2,500 per year at age 20, and continues for 10 years. At that point she stops working outside the home and does not add any more money to her investments. Jack, on the other hand, doesn't invest until he is 30 years old. He then begins to invest $3,000 per year until he retires at 65 years old. Both consistently averaged 9% per year on their investments. What is the difference in the amount between their retirement funds when they reach 65 years of age?
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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