Question: Question 13 1 pts This question is much like the previous, with a slight twist. You can make your first $6,384 contribution to your retirement
Question 13 1 pts This question is much like the previous, with a slight twist. You can make your first $6,384 contribution to your retirement account today; however, your 1940s house could use some updating. If you use the money to renovate your home, you will have to wait 11 years to save another $6,384, at which point you will make the first contribution to your retirement account. Assume that you choose to do the renovations. Further, assume that you can earn a(n) 9 percent rate of return on your account. You will make no additional contributions beyond the initial contribution. What will your account be worth when you retire in 45 years? (Round your final answer to two decimal places.) K
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