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You realize the value of saving for your retirement. You believe you can earn 11.2% in a specific IRA account. If you only make one

You realize the value of saving for your retirement. You believe you can earn 11.2% in a specific IRA account. If you only make one contribution today pf $4,000

A). What is the value of this account when you retire in 41 years?

B). What would the value be if you waited 10 years to make the same investment? Your retirement date does not change.

**Round answers to 2 decimal places

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