Answer:
Sue will have £152,088 in her pension fund in 2034.
Explanation:
Sue will contribute over the 18-year period. She plans to put £412 per month for 18 years, which amounts to:
£412/month * 12 months/year * 18 years = £89,088
Sue will contribute a total of £89,088 over the 18-year period.
let's add this contribution amount to the initial amount Sue had in her pension fund at the end of 2016, which was £63,000:
£63,000 + £89,088 = £152,088