You have just made your first $5896 contribution to your retirement account. Assume you earn a return of 10.8 percent per year and make no additional contributions. What will your account be worth when you retire in 45 years?

You have just made your first $5896 contribution to your retirement account. Assume you earn a return of 10.8 percent per year and make no additional contributions. What will your account be worth when you retire in 45 years?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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