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You have just made your first $10,000 contribution to your retirement account. Assuming you earn 10% per year and make no additional contributions. What will

You have just made your first $10,000 contribution to your retirement account. Assuming you earn 10% per year and make no additional contributions. What will your account be worth when you retire in 40 years? What if you wait 10 years before contributing? FV = PV x FVif (Appendix A)

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