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3. Someone deposits $ 1000 per month, in real terms, in a superannuation account returning 5% interest per annum, compounded monthly. How much do they
3. Someone deposits $ 1000 per month, in real terms, in a superannuation account returning 5% interest per annum, compounded monthly. How much do they have in their account after thirty five years, in real terms, assuming inflation of 3% per annum, but compounded monthly? 4. on retirement, wish to pay themselves a sum of money, each month for 25 years. Calculate B, in real terms, assuming they fully deplete their savings at the end
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