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You have just made your first $4,500 contribution to your retirement account. Assume you earn a return of 11 percent per
Posted: Sun Jul 03, 2022 12:52 pm
by answerhappygod
- You Have Just Made Your First 4 500 Contribution To Your Retirement Account Assume You Earn A Return Of 11 Percent Per 1 (39.12 KiB) Viewed 17 times
You have just made your first $4,500 contribution to your retirement account. Assume you earn a return of 11 percent per year and make no additional contributions. a. What will your account be worth when you retire in 30 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What if you wait 10 years before contributing? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. a. Future value for starting now b. Future value if waiting 10 years Help