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You have just made your first $1,500 contribution to your retirement account. Assume you earn a return of9 percent and make no additional contributions. a.

You have just made your first $1,500 contribution to your retirement account. Assume you earn a return of9 percent and make no additional contributions.

a. What will your account be worth when you retire in 40 years?

b. What will your account be worth if you wait 9 years before contributing?

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