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You have just made a $1,500 contribution to your individual retirement account. Assume you earn a 12 percent rate of return and make no additional
You have just made a $1,500 contribution to your individual retirement account. Assume you earn a 12 percent rate of return and make no additional contributions. How much more will your account be worth when you retire in 25 years than it would be if you waited another 10 years before making this contribution?
A. $8,306,16 B. $9,658.77 C. $16,311.18 D. $16,907.17 E. $17,289.75
The answer is not coming up on my BA II PLus calculator. The answer keeps showing up as 25,500.10. Even after CLR TVM and CLR WORK.
How can I show my work for this?
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