At the end of this month, Les will start saving $150 a month for retirement through his
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Question:
At the end of this month, Les will start saving $150 a month for retirement through his company's superannuation plan. His employer will contribute an additional $0.50 for every $1.00 that he saves (ie. $75 a month). If he is employed by this firm for 30 more years and earns an average of 10.5% on his retirement savings, how much will Les have in his superannuation account 30 years from now?
answer is $566 190.22
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