"Wendy Hat wants to know how much to save a year over the next 29 years so that she can spend $46,500 per year in her retierment starting in year 30. Wendy's Super fund earns 5.85%p.a. and she estimats that shw ill spend the $46,500 for 27 years?"

43293.1

17485.74

21504.02

10314.13

8685.3

"Hermione Granger a talented wizard, is not so talented when it comes to saving money and after seeing Professor Sybill Trelawney has decided she needs to start saving for her retirement in 35 years time from the Ministry of Magic. Hermione wants to spend $65,000 a year for 50 years after she retires in 35 years time. the first payment would be in year 36. If the magical Super Fund earns 16%p.a. how much money must Hermione deposit each year, starting at the end of this year to be able to achieve her goal?"

92857.14

2899.94

38.71

11600.2

362.28