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9. You have just made your first $1,000 contribution to your individual retirement account (IRA). Assume you earn a 12% rate of return and make

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9. You have just made your first $1,000 contribution to your individual retirement account (IRA). Assume you earn a 12% rate of return and make no additional contributions. 9a. When you retire in 32 years, the account will be worth $ 9b. If you wait 5 years before making your initial contribution, the account will be worth

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