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Harold and Kumar both turn 30 years old today. Harold plans to invest $1,000 per month into his superannuation fund beginning next month. Kumar intends to invest $2,000 per month in his superannuation fund, but he does not plan to begin investing until 10 years after Harold begins investing. Both Harold and Kumar will retire at the age of 70 and their superannuation funds average 10% annual return.
Question 1: Who will have more superannuation funds available at retirement? Show working
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