Question

An amount of $2800 is invested in a superannuation fund at the start of each year for 35 years .The fund is 9% p.a. compounded annually. How much is the investment worth at the end of that time?

(nothing lower then 138k nothing higher then 658k)
your supposed to use superannuation formula

Answer 1

(e) P/ r - g [ 1 - (1 + g/1 + r)^n]