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You have just made your first $ 1 , 0 0 0 contribution to your retirement account. Assume you earn a return of 9 percent
You have just made your first $ contribution to your retirement account. Assume you earn a return of percent and make no additional contributions.
a What will your account be worth when you retire in years?
Future value for starting now
b What will your account be worth if you wait years before contributing?
Future value if waiting years
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