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You made your first $1,500 contribution to your retirement account. You earn 10% rate of return & no additional contributions. Required: (a) What will your

You made your first $1,500 contribution to your retirement account. You earn 10% rate of return & no additional contributions.

Required:

(a)

What will your account be worth when you retire in 30 years?

(b)

What will your account be worth if you wait 7 years before contributing?

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