Question: You just made your first lump $ 7 , 2 5 0 lump sum contribution to your retirement account. Assuming you earn 1 2 percent

You just made your first lump $7,250 lump sum contribution to your retirement account. Assuming you earn 12 percent per year but make no additional contributions, what will your account be worth when you retire in 30 years? What if you had wait 5 years before making your initial contribution? Is there much of a difference?

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