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You have just made your first $3,500 contribution to your retirement account. Assuming you earn an 11 percent rate of return and make no additional

You have just made your first $3,500 contribution to your retirement account. Assuming you earn an 11 percent rate of return and make no additional contributions. Required: (a) What will your account be worth when you retire in 40 years? (b) What will your account be worth if you wait 6 years before contributing?

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