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Question - Jackie has a rich aunt, Maggie. Maggie plans to pay her niece's PhD graduate studies tuition for 6 years of PhD, starting 16 years from now. The current annual cost of PhD graduate study program is USD 23,400, and Maggie expects this cost to rise at an annual rate of 3%. In her planning, Maggie assumes that she can earn 6% annually. How much must Maggie put aside each year, starting next year if she plans to make 15 equal payments? All payments are at year end. Present answer with 2 decimals.
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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