Question: You have just made your first $ 5 , 0 0 0 contribution to your individual retirement account. Assume you earn a 1 0 percent

You have just made your first $
5
,
0
0
0
contribution to your individual retirement account. Assume you earn a
1
0
percent rate of return and make no additional contributions.
What will your account be worth when you retire in
4
5
years? What if you wait 10 years before contributing

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