Question: You have just made your first $ 5 , 0 0 0 contribution to your individual retirement account. Assume you earn an annual return 1
You have just made your first $ contribution to your individual retirement account. Assume you earn an annual return percent and make no additional contributions.
What will your account be worth when you retire in years? Do not round intermediate calculations and round your answer to decimal places, eg
Account value $
What if you wait years before contributing? Do not round intermediate calculations and round your answer to decimal places, eg
Account value $ At percent interest, how long does it take to double your money?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
At percent interest, how long does it take to quadruple your money?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
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