Hi guys,
The question is:
A superannuation fund paid 6% p.a for the first 10 years and then 10% p.a after that. If thanh put $5000 into this fund at the end of each year, how much would she have at the end of 25 years.
I know there's already a thread for this question, but when I tried the method in #14 I got $275297.2577+$158862.4085=$434159.67 while the answer is $240652.62
The question is:
A superannuation fund paid 6% p.a for the first 10 years and then 10% p.a after that. If thanh put $5000 into this fund at the end of each year, how much would she have at the end of 25 years.
I know there's already a thread for this question, but when I tried the method in #14 I got $275297.2577+$158862.4085=$434159.67 while the answer is $240652.62