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You have just made your first $2,500 contribution to your retirement account. Assuming you earn an 9 percent rate of return and make no additional

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You have just made your first $2,500 contribution to your retirement account. Assuming you earn an 9 percent rate of return and make no additional contributions. Required: (a)What will your account be worth when you retire in 45 years? (b)What will your account be worth if you wait 7 years before contributing

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