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QUESTION
After completing his Bachelor of Business (Accounting) degree, Jamie secured a permanent position as
After completing his Bachelor of Business (Accounting) degree, Jamie secured a permanent position as
an assistant accountant. Jamie's financial plan is to retire in 30 years from now. So, he is thinking about creating a fund that will allow him to receive $32,000 at the end of each year for 25 years after his retirement. He is expecting to earn 6.75% per annum during the 25-year retirement period.
Required:
a.
