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You have just made your first $5,000 contribution to your retirement pension plan. Assuming you get a 5.5 percent rate of return and make no

You have just made your first $5,000 contribution to your retirement pension plan. Assuming you get a 5.5 percent rate of return and make no additional contributions, 1) how much will you have when you retire in 25 years? 2) How much will you have if you wait for 3 years before contributing? Round off your answers to 2 decimal places.

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