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Calculate the number of years the current superannuation fund amount of AUD600,000 will support a net income requirement of AUD75,000 per annum. Assume the net
Calculate the number of years the current superannuation fund amount of AUD600,000 will support a net income requirement of AUD75,000 per annum. Assume the net income requirement does not change and the fund generates a constant return of 5% per annum. Ignore fees and taxes. Show your answer in years to one decimal place (for example, 10.2 years). (3 marks)
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