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How large will your retirement account be

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Reference no: EM133073426

Question - You are planning to make monthly deposits of $500 into your superannuation account. Your first deposit will be made one month from now.

a) How large will your retirement account be in 30 years if the investment return rate is 9%?

b) How large will your retirement account be in 30 years if the investment return rate is 12%?

c) If you wait 5 years to start investing, though your contributions are $750 a month, are you better off than your answer in (b)?

d) What happens to the future value of an annuity if you decrease interest rates?

Reference no: EM133073426

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