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Say an Individual Contributes $1000 Per Month to Their Super

Question 100

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Say an individual contributes $1000 per month to their super fund throughout their working life.Compare the accumulated sum of a single payment of $1000 invested 35 years prior to retirement to that of a single payment of $1000 invested one year before retirement assuming returns are 6% pa compounding monthly.

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Future sum 35 years = 1000 (...

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