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You have just made your first $ 3 , 5 0 0 contribution to your retirement account. Assume you earn a return of 1 0

You have just made your first $

3, 500

contribution to your retirement account. Assume you earn a return of

10

percent and make no additional contributions.

.

What will your account be worth when you retire in

35

years?

.

What will your account be worth if you wait

8

years before contributing?

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