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QUESTION 10 You have just made your first $5,000 contribution to your individual retirement account. Assume you earn a 10.80 percent rate of return and
QUESTION 10
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You have just made your first $5,000 contribution to your individual retirement account. Assume you earn a 10.80 percent rate of return and make no additional contributions.
What will your account be worth when you retire in 44 years? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations.Round your answer to 2 decimal places (e.g., 32.16).)
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