Question: You have just made your first $2.000 contribution to your retirement account. Assume you earn a retum of 8 percent and make no additional contributions.

You have just made your first $2.000 contribution to your retirement account. Assume you earn a retum of 8 percent and make no additional contributions. o. What will your account be worth when you retire in 30 years? b. What will you account be worth if you wait 9 years before contributing

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