QUESTION 3 - This question has ONE part Assume you are currently 25 years' old and will start your career in financial planning as a graduate next year. On average a graduate in this industry earns about $60,000 a year so let's assume this is your starting salary package (i.e. this amount includes the super guarantee contributions). Your salary itself is expected to increase by 3% per year that accounts for increases due to the CPI and any promotions throughout your lifetime. You can assume the tax rates to remain constant, and that inflation (CPI) is 2% per annum. Your superannuation funds are invested in a growth option. The growth option is expected to generate a net return of 7.0% per annum (net of tax and fees) for the foreseeable future. Your current super balance from previous jobs is $100,000. Your goals is to retire at 50 years of age