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You have just made your first $3,500 contribution to your retirement account.Assume you earn a return of6 percent and make no additional contributions.a. What will your account be worth when you retire in 25 years?Future value for starting now

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Answer

Explanation

[tex]A(t)=P(1+\frac{r}{100})^n[/tex]

where A is the future amount, r is the rate, P is the present value

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