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You have just made your first $3,500 contribution to your retirement account. Assuming you earn an 7 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 7 percent rate of return and make no additional contributions. Required: (a)What will your account be worth when you retire in 35 years? (Click to select) (Click to select) (b) count be worth if you wait 8 years before contributing? 4,497.89 38,862.76 39,236.44 35,499.63 37,368.04 You have just made your first $3,500 contribution to your retirement account. Assuming you earn an 7 percent rate of return and make no additional contributions. Required: (a)What will your account be worth when you retire in 35 years? (Click to select) (b)What will your account be worth if you wait 8 years before contributing? select (Click to (Click to select) 22,618.48 6,013.65 22,835.96 21,748.54 20,661.11
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