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You plan to retire in 27 years. You are debating whether to deposit $49,211 into an account earning 5 percent annually today or waiting 7

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You plan to retire in 27 years. You are debating whether to deposit $49,211 into an account earning 5 percent annually today or waiting 7 years before making the deposit. How much more will be in the account when you retire in 27 years if you make the deposit today as opposed to waiting 7 years to make the first deposit

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