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How to calculate superannuation balance? Hi, I am not sure what equation I should be using. I am trying to calculate the future superannuation fund
How to calculate superannuation balance?
Hi,
I am not sure what equation I should be using. I am trying to calculate the future superannuation fund balance of a person who is currently 30 with a current balance of $45,000. They are contributing $17,500 yearly and plan to retire in 40 years. How do I calculate balance at retirement? The expected return is 5.5% annually.
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