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What will your account be worth when you retire

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Question - You have just made your first $6000 contribution to your superannuation retirement account. Assuming you earn a return of 10% per year and make no additional contributions, what will your account be worth when you retire in 45 years? What if you wait for 5 years before contributing? Which option is more beneficial? Why or why not?

Reference no: EM133150392

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