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For these tasks you will set up a spreadsheet to investigate the difference making small payments more often makes to your super balance. Task 1 You have been working for 10 years and your super balance has been growing, but you’ve decided to take a year off and travel overseas. You won’t be making any super contributions during that time. However, your super will still be growing because of the interest. Before you go, you have the option…

Compound interest In the classroom, compound interest is usually demonstrated as a sequence from the initial term/balance. If is the constant periodic interest rate, a deposit/initial amount would grow to: A=P(1+r)n where A=new balance P=original balance (Principal) r=annual interest rate (%) n=time in years Annuities The generic term annuity refers to situations involving regular equal payments, and usually simple or compound interest.…

 Contributions to a worker’s superannuation come from 2 sources:There is a component paid by the employer, called the superannuation guarantee, which in 2025-26 is 12% of the employee’s before-tax pay.Workers may also choose to contribute a further regular amount.It’s obvious that if you contribute extra money to your superannuation then you’ll have more when you retire. But how important is the timing? If you can only add extra to your…

Use the internet to find 3 sources that discuss ways that the government could close the gap on women’s superannuation. Note: Use the Cornell note-taking system to record the information collected from the sources. Below are some links which provide information about the gender gap in superannuation. Read 2 resources each from the list below and share your notes with your partner. List some of the ways the government could close the…

What is opportunity cost and why does it exist?1 Because of scarcity, all economic decisions involve choices and every choice has an opportunity cost. 2 For example, the opportunity cost of buying a book is buying a movie ticket or the opportunity cost of spending time watching TV is the time reading a book.  3 Because of scarcity, you cannot buy both a book and a movie ticket. Therefore, opportunity cost is the cost of a choice in terms of…

Scenario The issue of inequity in the superannuation outcomes for women has recently been a hot topic in the media and the government has received several submissions calling for a change to the current superannuation laws. As a result of this lobbying and the increasing cost of providing the age pension to women, the Prime Minister and the Cabinet (top-level ministers) have decided to explore policy options. The Minister for Financial…

Greater Sydney’s population of nearly 5 million is predicted to increase to 8 million over the next 40 years. A rapidly rising urban population can negatively affect liveability as housing shortages cause prices to rise, green space is developed, congestion and pollution increase, and there is greater demand on employment and essential services such as health, education, and waste disposal. Because most jobs are in the Central Business District…

Source A: Fact file on Western Sydney Airport (WSA) WSA will operate 24 hours per day carrying 56 million passengers and 773,000 tonnes of freight per year by 2060. WSA is a greenfield development. The airport and aircraft traffic will affect the visual appearance of the landscape. There is one endangered ecological community and potentially 24 different threatened species in the Badgerys Creek area…