Question: 2 You have just made your first $5,000 contribution to your retirement account Assuming you earn a return of 10 percent per year and make

2 You have just made your first $5,000 contribution to your retirement account Assuming you earn a return of 10 percent per year and make no additional contributions, what will your account be worth when you retire in 45 years? What if you wait 10 years before contributing? 4 Contribution amount $ 5,000 7 Rate of return 10% 23:41 8 Years remaining 9 Deposit today 45 10 Wait 10 years 35 ok 11 12 it 13 Complete the following analysis. Do not hard code values in your calculations. Your nces answer should be a positive value. 14 15 Future value: 16 Deposit today 17 18 Wait 10 years 19

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