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You have just made a $6,200 contribution to your individual retirement account. Assume you earn a rate of return of 9.50 percent compounded annually and
You have just made a $6,200 contribution to your individual retirement account. Assume you earn a rate of return of 9.50 percent compounded annually and make no additional contributions. How much more will your account be worth when you retire in 35 years than it would be if you waited another 10 years before making this contribution? O $148,554.52 O $59,143.85 O $88,610.66 O $72,171.92
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