Assuming you earn an 9 percent rate of return and make no, Financial Management

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Assuming you earn an 9 percent rate of return and make no

You have just made your first $4,000 contribution to your retirement account. Assuming you earn an 9 percent rate of return and make no additional contributions.

a) What will your account be worth when you retire in 45 years?

b) What will your account be worth if you wait 8 years before contributing?

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Financial Management: Assuming you earn an 9 percent rate of return and make no

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Financial Management: Assuming you earn an 9 percent rate of return and make no

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