Question: You have just made your first $2,000 contribution to your retirement account. Assume you earn a return of6 percent and make no additional contributions. a.

 You have just made your first $2,000 contribution to your retirement

You have just made your first $2,000 contribution to your retirement account. Assume you earn a return of6 percent and make no additional contributions. a. What will your account be worth when you retire in 40 years? b. What will your account be worth if you walt 7 years before contributing

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