question archive Q2) You have just made your first $4,000 contribution to your retirement account

Q2) You have just made your first $4,000 contribution to your retirement account

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Q2) You have just made your first $4,000 contribution to your retirement account. Assume you earn an 11% rate of return and make no additional contributions.

vQ2-a: What will your account be worth when you retire in 45 years?

vQ2-b: What if you wait 10 years before contributing?

vQ2-c: Does this suggest an investment strategy?

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