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You have just made your first $2,000 contribution to your retirement account. Assume you earn a return of7 percent and make no additional contributions. a.
| You have just made your first $2,000 contribution to your retirement account. Assume you earn a return of7 percent and make no additional contributions. |
| a. | What will your account be worth when you retire in 40 years? |
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| b. | What will your account be worth if you wait 7 years before contributing? |
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Financial Reporting Financial Statement Analysis And Valuation
Authors: James M Wahlen, Stephen P Baginskl, Mark T Bradshaw
10th Edition
0357722094, 978-0357722091
