Solution-What annual contribution should she make

What annual contribution should she make

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Question - Alice intends to retire in 30 years' time. What annual contribution should she make to her superannuateon fund, starting at the end of the current year, if she expects to draw a pension of $120,000 per year for 20 years following her retirement? Her fund earns a return of 5% p.a. with annual compounding.

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What annual contribution should she make

Reference no: EM132882351

Reference no: EM132882351

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