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You have just made your first $4,000 contribution to your retirement account. Assuming you earn an 9 percent rate of return and make no additional
| You have just made your first $4,000 contribution to your retirement account. Assuming you earn an 9 percent rate of return and make no additional contributions. |
| a) | What will your account be worth when you retire in 45 years? |
| (b) | What will your account be worth if you wait 8 years before contributing? |
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The Money Markets Handbook A Practitioners Guide
Authors: Moorad Choudhry
1st Edition
0470821507, 978-0470821503
