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    Stamp Collecting Has Become An Increasingly

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    Miroslav Gegoski
    Stamp collecting has become an increasingly popular and expensive hobby, with collectors saving blocks of stamps as they are issued. However, the rising costs of postage and number of new stamps means this plan is more expensive each year. Stamps have proven a good long-term investment, with resale prices increasing 18% annually - if a collector spent $100 initially and $50 more each subsequent year, their collection would be worth significantly more after 10 years.

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    Stamp Collecting Has Become An Increasingly

    Uploaded by

    Miroslav Gegoski
    9 views1 page
    Stamp collecting has become an increasingly popular and expensive hobby, with collectors saving blocks of stamps as they are issued. However, the rising costs of postage and number of new stamps means this plan is more expensive each year. Stamps have proven a good long-term investment, with resale prices increasing 18% annually - if a collector spent $100 initially and $50 more each subsequent year, their collection would be worth significantly more after 10 years.

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    Stamp Collecting Has Become an Increasingly

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    Stamp Collecting Has Become an Increasingly

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    Stamp collecting has become an increasingly popular and expensive hobby, with collectors saving blocks of stamps as they are issued. However, the rising costs of postage and number of new stamps means this plan is more expensive each year. Stamps have proven a good long-term investment, with resale prices increasing 18% annually - if a collector spent $100 initially and $50 more each subsequent year, their collection would be worth significantly more after 10 years.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    9 views1 page

    Stamp Collecting Has Become An Increasingly

    Uploaded by

    Miroslav Gegoski
    Stamp collecting has become an increasingly popular and expensive hobby, with collectors saving blocks of stamps as they are issued. However, the rising costs of postage and number of new stamps means this plan is more expensive each year. Stamps have proven a good long-term investment, with resale prices increasing 18% annually - if a collector spent $100 initially and $50 more each subsequent year, their collection would be worth significantly more after 10 years.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Stamp collecting has become an increasingly #9055

    Stamp collecting has become an increasingly

    Stamp collecting has become an increasingly popular-and expensive-hobby. One favorite


    method is to save plate blocks (usually four stamps with the printing plate numbering the
    margin) of each new stamp as it is issued by the post office. But with the rising postage rates
    and increased numbers of new stamps being issued, this collecting plan costs more each year.
    Stamps, however, may have been a good place to invest money over the last 10 years, as the
    demand for stamps previously issued has caused resale prices to increase 18% each year.
    Suppose a collector purchased $100 worth of stamps 10 years ago, and increased his
    purchases by $50 per year in each subsequent year. After 10 years of stamp collecting, what is
    the future worth of the stamp collection?

    Stamp collecting has become an increasingly

    ANSWER
    http://paperinstant.com/downloads/stamp-collecting-has-become-an-increasingly/

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