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You have just made your first $3,000 contribution to your retirement account. Suppose that you earn a 5 percent rate of return and make no
You have just made your first $3,000 contribution to your retirement account. Suppose that you earn a 5 percent rate of return and make no additional contributions. a. What will your account be worth when you retire in 30 years? b. What will your account be worth when you retire in 30 years if you wait 10 years before contributing?
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