working out not required just provide answer:

You are planning your retirement and you come to the conclusion that you need to have saved $2.71 million in 26 years. You can invest into a superannuation that guarantees you a 3.3\% p.a. return compounded monthly. To achieve your retirement saving goal, how much is the monthly contribution if it is made at the beginning of each month? Your Answer: Answer William expects to live for another 21 years after retirement. During those 21 years, William plans to withdraw $4,000 living expense from his superannuation fund at the beginning of each month. How much is the minimum superannuation balance William needs when he retires? Assume his superannuation fund delivers 10.2% p.a. rate of return. compounded monthly. Your