(a) Say you have $100,000 to invest in a super fund today. Calculate the value of this $100,000 invested at a rate of 3% after 30 years?

 

(b) How much would you have after the 30 years, if in addition to the $100,000 contributed today, you also invest $10,000 a year at the beginning of every year for the next 30 years?

 

(c) In reference to Part (b), would you have more or less at the end of the investment period if you invested $10,000 at the end of every year? Explain your answer. (No calculation is necessary.)?

Answer rating: 100% (QA)

ANSWER a The value of 100000 invested at a rate of 3 after 30 years is 229364 This is calculated usi... View the full answer