PROJECT FINANCE AND COST MANAGEMENT

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You are now 45years of age and wish to retire at the age of 55. Your existing pension fund is R5m (01Jan22) and grew the last 3 years constantly at 6.83%/yr. Before the last 3 years it constantly grew with 5.53% per year over a 4-year window. The projection is that for the next year it will grow at 1% more than the average of the previous 5 years and increases 1% per year constantly for 4years, and there after the projection is that it will grow 0.5%/yr better than the previous year for the thereafter next 5 years.

Question.3.d. [5]

Let assume the R/$ on 01Jan2022 is R16.00/$ and the Rand depreciate at 3% per year thereafter, what will be the future value of the combined (Pension+Lumpsum) pension be in US$ at age 55?

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