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You have just made your first $5,300 contribution to your retirement account. Assume you earn a return of 11 percent per year and make no

You have just made your first $5,300 contribution to your retirement account. Assume you earn a return of 11 percent per year and make no additional contributions.

What will your account be worth when you retire in 42 years?

What if you wait 10 years before contributing?

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