You just received your first annual bonus of $5,000 and plan to save it for your retirement. If your retirement account

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answerhappygod
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You just received your first annual bonus of $5,000 and plan to save it for your retirement. If your retirement account

Post by answerhappygod »

You just received your first annual bonus of $5,000 and plan to
save it for your retirement. If your retirement account earns
12% annually and this is the only contribution you make, how much
will you have in the account in 45 years? What if you wait 10
years to save the $5,000 for your retirement?
Please show work.
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