Question: This is a question with 2 sub-Q regarding superannuation, contribution and future values This is first part of the question Q1a) If instead of a

This is a question with 2 sub-Q regarding superannuation, contribution and future values This is a question with 2 sub-Q regarding superannuation, contribution and future

This is first part of the question
values This is first part of the question Q1a) If instead of

Q1a) If instead of a superannuation account with earnings compounding, Joe invested his money in a term deposit for 13 years, what would her balance be in 13 years? Assume that the term deposit only pays simple interest on a monthly basis at a annual rate of 6%pa. Q1b) Joe will be away for the next 2 years. When he returns at the end of 24 months, he wants to make a single deposit into her superannuation fund of $3000. Every month after that, started at the end of the 25th months. He intends to contribute $200 per month into his superannuation fund account. What will his balance be at the point of 35 years from today if he makes those additional contributions? Finance question regarding future value and compounding interests Amy has $20000 in the AUP superannuation fund. She does not make any more contributions and assume that the AUP fund earns 5% per annum compounding monthly. What will Amy's superannuation balance be in 25 years? Q1a) If instead of a superannuation account with earnings compounding, Joe invested his money in a term deposit for 13 years, what would her balance be in 13 years? Assume that the term deposit only pays simple interest on a monthly basis at a annual rate of 6%pa. Q1b) Joe will be away for the next 2 years. When he returns at the end of 24 months, he wants to make a single deposit into her superannuation fund of $3000. Every month after that, started at the end of the 25th months. He intends to contribute $200 per month into his superannuation fund account. What will his balance be at the point of 35 years from today if he makes those additional contributions? Finance question regarding future value and compounding interests Amy has $20000 in the AUP superannuation fund. She does not make any more contributions and assume that the AUP fund earns 5% per annum compounding monthly. What will Amy's superannuation balance be in 25 years

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