CHAPTER 5 Introduction to Valuation: The Time Value of Money 18. 19. Calculating Future Values (L01] You have just made your first $4,000 contribution to your retirement account. Assuming you earn an 11 percent rate of return and make no additional contributions, what will your account be worth when you retire in 45 years? What if you wait 10 years before contributing? (Does this suggest an investment strategy?) Calculating Future Values (L01) You are scheduled to receive $20,000 in two years. When you receive it, you will invest it for six more years at 8.4 percent per year. How much will you have in eight years? Calculating the Number of Periods 104 You expect to receive $10,000 at graduation in two years. You plan on investing it at Il percent until you have $75.000. How long will you wait from now? 20