What are the accumulated values of their superannuation


Both John and Mary are aged 20 now. John plans to contribute $100 per month in advance into his superannuation fund for 20 years and stop contributing thereafter. Mary plans to start contributiing $200 per month in advance into her superannuation fund at her 40th birthday until she retires. They both plan to retire at age 60. If the annual rate of return is 06.00%, what are the accumulated values of their superannuation accounts at retirement?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What are the accumulated values of their superannuation
Reference No:- TGS02769015

Expected delivery within 24 Hours