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You have just made your first $3,000 contribution to your retirement account. Assume you earn a return of 8 percent and make no additional contributions.

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You have just made your first $3,000 contribution to your retirement account. Assume you earn a return of 8 percent and make no additional contributions. a. What will your account be worth when you retire in 35 years? b. What will your account be worth if you wait 6 years before contributing

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