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Jillian wants to contribute a once - off amount to her superannuation fund. Assume returns are 6 % p . a . compounding monthly. Calculate

Jillian wants to contribute a once-off amount to her superannuation fund. Assume returns
are 6% p.a. compounding monthly. Calculate the accumulated sum of a single payment of:
a) $1,000 invested 45 years prior to retirement.
b) $1,000 invested 10 years before retirement.

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