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anonymous
 5 years ago
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 Do not quote a formula.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.
anonymous
 5 years ago
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 Do not quote a formula.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.

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anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0is there anybody who can help me??

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0you would use y=a*b^x to find compoud interest x=number of intrest piriods 9:57 am chancetaylor: y=the balance 9:58 am chancetaylor: a=initial deposit 9:58 am chancetaylor: b=growth factor 9:58 am chancetaylor: dose that help any? 9:59 am

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0great glad i could help X)

shadowfiend
 5 years ago
Best ResponseYou've already chosen the best response.0Don't forget to give a medal if someone was helpful!

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0hm.. thx for telling. I'm still new around here so I didn't know some things..
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