Question: Malek contributed to a pension plan for several years before changing jobs. The plan currently averages 6.7% p.a. compounded semi-annually, and his pension is currently

Malek contributed to a pension plan for several years before changing jobs. The plan currently averages 6.7% p.a. compounded semi-annually, and his pension is currently worth $42,349.87.

If Malek decides to leave his pension in the plan, how much more would he have in 19 years versus taking a lump sum payout now?

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