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You are planning to invest $ 9 000 in an account earning 9% per year for retirement. a. If you put the $ 9000 in
You are planning to invest $ 9 000 in an account earning 9% per year for retirement.
a. If you put the $ 9000 in an account at age 23, and withdraw it 32 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 22 years, how much will you have at the end?
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