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You have just made a $6,500 contribution to your individual retirement account. Assume you ear rate of return of 7.50 percent compounded annually and make
You have just made a $6,500 contribution to your individual retirement account. Assume you ear rate of return of 7.50 percent compounded annually and make no additional contributions. How much more will your account be worth when you retire in 40 years than it would be if you waited another 5 years before making this contribution? 42.812 $62,947 $50.700 $51.093 $35,590
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