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You have just made your first $1,500 contribution to your retirement account. Assuming you earn an 11 percent rate of return and make no additional
| You have just made your first $1,500 contribution to your retirement account. Assuming you earn an 11 percent rate of return and make no additional contributions. |
| Required: | |
| (a) | What will your account be worth when you retire in 40 years? |
| (Click to select)2,256.8297,501.3092,626.24101,401.35102,376.37 | |
| (b) | What will your account be worth if you wait 9 years before contributing? |
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Applied Conic Finance
Authors: Dilip Madan, Wim Schoutens
1st Edition
1107151694, 978-1107151697
