Assume you earn an annual return 1095 percent and make no, Financial Management

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Assume you earn an annual return 1095 percent and make no

You have just made your first $5,000 contribution to your individual retirement account.

Assume you earn an annual return 10.95 percent and make no additional contributions. What will your account be worth when you retire in 41 years?

What if you wait 10 years before contributing?

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