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You have just made your first $3,000 contribution to your retirement account. Assume you earn an 11 percent annual rate of return and make

You have just made your first $3,000 contribution to your retirement account. Assume you earn an 11 percent annual 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 10 years before contributing? (Click to select)

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