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Self-managed superannuation funds manage $332,000,000 in assets. Approximately 30 percent of this total amount is invested in Saudi shares, 30 percent is invested in cash,
Self-managed superannuation funds manage $332,000,000 in assets. Approximately 30 percent of this total amount is invested in Saudi shares, 30 percent is invested in cash, 20 percent is invested in managed funds and 20 percent is invested in property. If shares return 8 percent, cash returns 6 percent, managed funds return 7 percent and property returns 4 percent each year for the next ten years, how much will self-managed superannuation assets be worth after ten years? Returns compound annually.
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