You have just made your first $5,000 contribution to your individual retirement account. Assume you earn a 11.40 percent

[answerhappygod]

You Have Just Made Your First 5 000 Contribution To Your Individual Retirement Account Assume You Earn A 11 40 Percent 1 (31.48 KiB) Viewed 35 times

You have just made your first $5,000 contribution to your individual retirement account. Assume you earn a 11.40 percent rate of return and make no additional contributions. Requirement 1: What will your account be worth when you retire in 44 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Amount $ Requirement 2: What if you wait 10 years before contributing? (Enter rounded answer as directed, but . do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Amount