A superannuation fund pays an interest rate of 9% per annum which
compounds annually. Stephanie decides to invest $1000 in the fund at the
beginning of each year, commencing on 1 January 2013.
What will be the value of Stephanie’s superannuation to the nearest cent when she retires on 31 December 2043? Assume she is paid interest in full and she makes no deposit in 2044. Do not quote a formula. You must derive your solution using a G.P.

Hey! We 've verified this expert answer for you, click below to unlock the details :)

I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!

how to do this??

is there anybody who can help me??

Looking for something else?

Not the answer you are looking for? Search for more explanations.

## More answers

Looking for something else?

Not the answer you are looking for? Search for more explanations.