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ANSWER IN BOLD 3 You have just made your first $2,000 contribution to your retirement account. Assume you earn a return of9 percent and make

ANSWER IN BOLD 3

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You have just made your first $2,000 contribution to your retirement account. Assume you earn a return of9 percent and make no additional contributions. a. What will your account be worth when you retire in 40 years? Future value for starting now b. What will your account be worth if you wait 6 years before contributing? Future value if waiting 6 years

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