question archive Who will have a greater accumulated sum in their superannuation fund at retirement and what will their balance be? William, who contributes $980 per half year for 26 years and earns (after fees) 6
Who will have a greater accumulated sum in their superannuation fund at retirement and what will their balance be? William, who contributes $980 per half year for 26 years and earns (after fees) 6
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Who will have a greater accumulated sum in their superannuation fund at retirement and what will their balance be? William, who contributes $980 per half year for 26 years and earns (after fees) 6.50% pa compounding semi-annually, or Thomas, who contributes $480 per quarter for 26 years and earns (after fees) an average of 6.40% pa compounding quarterly."
a. "William with $128,930"
b. "William with $50,960"
c. "Thomas with $126,339"
d. "Thomas with $49,920"
e. They both end up with the same amount
