You have just made your first $3,000 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 25 years?

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4,022.25

27,162.70

25,869.24

24,575.78

26,904.01

(b)What will your account be worth if you wait 10 years before contributing?

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11,473.82

11,364.55

10,381.08

10,927.45

7,102.09