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You are planning to invest $ 6 0 0 0 in an account earning 1 2 % per year for retirement. a . If you

You are planning to invest $6000 in an account earning 12% per year for retirement.
a. If you put the $6000 in an account at age23, and withdraw it 49 years later, how much will you have?
b. If you wait 10 years before making the deposit, so that it stays in the account for only 39years, how much will you have at the end?

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