Boris has $100,000 in his superannuation fund and will contribute an additional $15,000 to the fund per year, until he retires in 25 years' time. Following retirement, he intends to draw an annual pension from the fund for 30 years. What annual pension will he be able to draw, if the return on the fund is 5% p.a. with annual compounding?<\/p>
Group of answer choices<\/p>
<\/p>
<\/p>
$30,899<\/p>
<\/p>
$35,151<\/p>
<\/p>
$53,076<\/p>
<\/p>
None of the other answers is correct<\/p>
<\/p>
$46,571<\/p>", "transcribed_text": "", "related_book": { "title": "Financial Accounting an introduction to concepts, methods and uses", "isbn": "978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003", "edition": "13th Edition", "authors": "Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/65.jpg", "uri": "\/textbooks\/financial-accounting-an-introduction-to-concepts-methods-and-uses-13th-edition-65", "see_more_uri": "" }, "free_related_book": { "isbn": "978-0133737622", "uri": "\/textbooks\/digital-signal-processing-3rd-edition-31", "name": "Digital Signal Processing", "edition": "3rd Edition" }, "question_posted": "2024-06-17 14:34:55", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-August-28", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/while-in-motion-pitched-baseball-carries-kinetic-energy-and", "description": "While in motion, a pitched baseball carries kinetic energy and momentum. (a) Can we say that it carries a force that it can exert on any object it strikes? 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