Question
You have just made your first $1,000 contribution to your retirement account. Assume you earn a return of 7 percent and make no additional contributions.
You have just made your first $1,000 contribution to your retirement account. Assume you earn a return of 7 percent and make no additional contributions.
What will your account be worth when you retire in 30 years? b. What will your account be worth if you wait 7 years before contributing?
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Project Financing Asset-Based Financial Engineering
Authors: John D Finnerty
3rd Edition
1118421841, 9781118421840
