Alan is planning for his retirement in 20 years' time. He intends to draw a pension of $80,000 per year, for 25 years after retiring. How much should he deposit in her superannuation account each year, for the next 20 years, if the account delivers a return of 6% p.a.?

Answer rating: 100% (QA)

To determine how much Alan should deposit in his superannuation account each year for the next 20 ye... View the full answer