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Who Will Have a Greater Accumulated Sum from Their Superannuation

Question 99

Essay

Who will have a greater accumulated sum from their superannuation at retirement?
(a)Jane, who contributes $450 per month for 40 years and earns (after fees)an average of 7.5% pa (compounding monthly)in her industry fund; or
(b)John, who contributes $550 per month for 40 years and earns (after fees)an average of 6.5% pa (compounding monthly)in his retail fund.

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