(Answered) Application question - investment jiang has received his

Economics

Application Question - Investment Jiang has received his Choice of Superannuation Funds form from his employer. He is undecided whether to contribute to the FlexE Superfund or the PeqSA Superfund. He believes that both funds are very similar and that the only significant difference between them is the FlexE Superfund has an ICR of 0.9% whilst the PeqSA Superfund has an ICR of 2.2%. If Jiang was to salary sacrifice $5,000 per year for the next 20 years and the investment return for each fund was 7% per annum before the application of the ICR and tax, what would be the future value of Jiang's superannuation in each fund? (round to the nearest dollar)

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