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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 $1,000 contribution to your retirement account. Assume you earn a return of 9 percent and make no additional contributions.
a. What will your account be worth when you retire in 30 years?
Future value for starting now
b. What will your account be worth if you wait 10 years before contributing?
Future value if waiting 10 years
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