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Calculate the required superannuation fund amount to support a net income requirement of AUD75,000 per annum for 30 years. Assume the net income requirement does
Calculate the required superannuation fund amount to support a net income requirement of AUD75,000 per annum for 30 years. 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 millions to one decimal place (for example, AUD2.1 million).
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