Question: Hi, please only answer if you can do all parts. Thank you! You have just made your first $2,000 contribution to your retirement account. Assume
Hi, please only answer if you can do all parts. Thank you!



You have just made your first $2,000 contribution to your retirement account. Assume you earn a return of 10 percent and make no additional contributions. a. What will your account be worth when you retire in 30 years? b. What will your account be worth if you wait 7 years before contributing? You are scheduled to receive $35,000 in two years. When you receive it, you will invest it for 8 more years at 7 percent per year. How much will you have in 10 years? Multiple Choice $57,129.69 $40,819.25 $68,850.30 $60,136.52 $63,143.34 You expect to receive $7,000 at graduation in two years. You plan on investing it at 9 percent until you have $102,000. How long will you wait from now? Multiple Choice 31.09 years 29.09 years 36.40 years 37.06 years 33.09 years
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