You have just made your first 4500 contribution to your


You have just made your first $4,500 contribution to your individual retirement account. Assume you earn a 11.30 percent rate of return and make no additional contributions.

What will your account be worth when you retire in 39 years?

What if you wait 10 years before contributing?

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Financial Management: You have just made your first 4500 contribution to your
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