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You have just made your first $2,500 contribution to your retirement account. Assuming you earn an 8 percent rate of return and make no additional

You have just made your first $2,500 contribution to your retirement account. Assuming you earn an 8 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) (b) What will your account be worth if you wait 7 years before contributing? (Click to select)

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