Question
you have just made your first $4500 contribution to your individual retirement account. Assume you earn an annual return of 10.55 percent and make no
you have just made your first $4500 contribution to your individual retirement account. Assume you earn an annual return of 10.55 percent and make no additional contributions.
a. what will your account be worth when you retire in 44 years?
b. what if you wait ten years before contributing?
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Development Finance Innovations For Sustainable Growth
Authors: Nicholas Biekpe, Danny Cassimon, Andrew William Mullineux
1st Edition
331954165X, 978-3319541655
