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You have just made your first $5,000 contribution to your retirement account. Assuming you earn a return of 10 percent per year and make no
You have just made your first $5,000 contribution to your retirement account. Assuming you earn a return of 10 percent per year and make no additional contributions, what will your account be worth when you retire in 45 years? What if you wait 10 years before contributing? Contribution amount $ Rate of return Years remaining: Deposit today Wait 10 years 5,000 Future value: Deposit today Wait 10 years 10% 45 35 Complete the following analysis. Do not hard code values in your calculations. Your answer should be a positive value.
answer should be in formula mode
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